BTC is keen to follow on the footsteps of ETH. This was pretty obvious since yesterday as ETH broke first so today BTC decided to break as well.
This was an easy long opportunity.
There are two things to watch now:
1. BTC needs to reclaim the 200 Week Moving Average as support, that would be a massive bullish signal. Or at least test this breakout level as support.
2. Watch $28k. That is the first significant resistance that can stop this relief rally.
No one knows if this was the bottom, but the chart is turning bullish at least in the medium term.
Expect continuation based on this price action and a nice rally until BTC hits the key resistance at 28k.
Bias is bullish right now.
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This was an easy long opportunity.
There are two things to watch now:
1. BTC needs to reclaim the 200 Week Moving Average as support, that would be a massive bullish signal. Or at least test this breakout level as support.
2. Watch $28k. That is the first significant resistance that can stop this relief rally.
No one knows if this was the bottom, but the chart is turning bullish at least in the medium term.
Expect continuation based on this price action and a nice rally until BTC hits the key resistance at 28k.
Bias is bullish right now.
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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.