Long

Bitcoin's Short-Term Retrace Completed (Update)

The chart is telling us that Bitcoin's short-term retrace after hitting the $24,276 resistance is coming to an end.

Prices moved below the 0.618 Fib. retracement support; now BTC trades above this level.
EMA300 was tested perfectly and holds. The candle ended in a Doji which is a reversal candle at this point.
MA200 was also tested and holds as support.
As prices move back above EMA21 and EMA10, we see a fresh increase in purchase volume as well as bullish indicators.

These signals are telling us that the short-term retrace is ending.

I am wishing you a lovely weekend my friends.

Thanks a lot for the continued support.

Thanks for being part of this great community and this amazing market.

I am wishing you the best.

Namaste.

MasterAnanda

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MasterAnanda

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