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Bitcoin analysis
Have a look on the daily chart you can see that the triangle we have been following for the past few months has morphed into a larger descending triangle.Which means the markets can pick a direction on either way.Looking for a long position at the $6380 level. Could definitely wick down further but this is a concervative approach
If we break we will see a big volume increase.see if the EMA bull cross can be confirmed on the 6hr chart. Note the EMA55 now acting as 20EMA and 50EMA just had a sneaky death cross - it will strengthen the resistance imposed by EMA sresistance.
MACD about to make a crossover. We could expect a movement to $7000 before testing support again for a close above 6,780 for a possible bull move. Below 6,250 will be looking pretty bad.Think we're heading back to 6400 but overall bullish short term. Will have to see how this plays out.
Btc price is preparing for a big surprise.
This chart is very clear btc behaviour always suprising us . Looking for a long position at the $6380 level. Could definitely wick down further but this is a concervative approach If we break we will see a big volume increase.see if the EMA bull cross can be confirmed on the 6hr chart. Note the EMA55 now acting as resistance.
I expect that run up soon. I can't wait to use crypto on travels soon. I'm still a bit iffy on some websites but once they gain trust I'll be sure to use them.
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