Bitcoin Mixed Signals (Mid-Term D TA)

17 feb 2022

On the daily timeframe for Bitcoin, we have some clear signals but they can be mixed if one does not know what to look for.

We have a strong bounce on the 24-Jan. daily candle which pushed prices above EMA50 ($42,900), but the trading volume continues to be very low.

We are bullish above $45,850 for BTCUSD.
The correction can resume below $40,500 if prices drop.

The longer Bitcoin stays range bound, the higher the potential for the Altcoin to grow.

Patience is key.
Come back for more.

Namaste.