BTC Double Support
i read many traders saying that btc will retrace to 3600ish. Everything can happen for sure because the past scenarios made us think
that we will get a drop again so peoples are scare and waiting for this drop...
Well what i see on 1Day chart is :
BTC passed EMA50 and get many times a support and bounced from that zone multiple times.(Green Line).
BTC retested EMA100 and now finaly passed this EMA (Orange Line).
if BTC is supported by EMA100 we won't down under 4000ish Zone.
if BTC drop under EMA100 we could bounce around 3850-3900 Zone.
if EMA50 and EMA100 cross up on 1D Timeframe. it's a strong bullish sign, and we will go retest EMA200 around 4500-4600ish.
if BTC drop under those EMAs so yes that time we can back to 3600ish and start again.
Movements are changing and if you notice the monthly timeframe, u will see bears weakers and turning their shirt to bulls.
From more far you see ! More easy you get it!
Happy Tr4Ding !
that we will get a drop again so peoples are scare and waiting for this drop...
Well what i see on 1Day chart is :
BTC passed EMA50 and get many times a support and bounced from that zone multiple times.(Green Line).
BTC retested EMA100 and now finaly passed this EMA (Orange Line).
if BTC is supported by EMA100 we won't down under 4000ish Zone.
if BTC drop under EMA100 we could bounce around 3850-3900 Zone.
if EMA50 and EMA100 cross up on 1D Timeframe. it's a strong bullish sign, and we will go retest EMA200 around 4500-4600ish.
if BTC drop under those EMAs so yes that time we can back to 3600ish and start again.
Movements are changing and if you notice the monthly timeframe, u will see bears weakers and turning their shirt to bulls.
From more far you see ! More easy you get it!
Happy Tr4Ding !
Nota
sorry if i wrote 5000 on EMA200. it was 5k 2 weeks before. i just moved the pannel :P consider it as 4500ish.Nota
going to retest 4200.Nota
Nota
welcome bulls.Nota
4600 next step EMA200 on 1D timeframe. if we breaks this one it's a good news.Nota
Nota
destructed EMA200.Nota
4H Timeframe divergence. it looks like not want to go down...
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