Hello Fellow Gamblers,
Bitcoin did a beautiful move towards our confirmation level, but we are now facing with a possible rejection.
As you can see in the chart, i have 2 paths that are possible for us to see happening.
- We need the 1hr 20EMA hold support for a continuation up, a break of the 20EMA support will take price towards 106k level.
- A break of 106 level will validate the bearish scenario.
- If 106k level holds, we could see come quick accumulation to recharge for a stronger breakout.
- Level's to watch: 110.5k, 108.4k, 106.6k, 104.3k, 101.0k
Bitcoin did a beautiful move towards our confirmation level, but we are now facing with a possible rejection.
As you can see in the chart, i have 2 paths that are possible for us to see happening.
- We need the 1hr 20EMA hold support for a continuation up, a break of the 20EMA support will take price towards 106k level.
- A break of 106 level will validate the bearish scenario.
- If 106k level holds, we could see come quick accumulation to recharge for a stronger breakout.
- Level's to watch: 110.5k, 108.4k, 106.6k, 104.3k, 101.0k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.