RDD/BTC Looking To Run After Confirming 50 EMA as Support

Check the notes on the chart.

**I'm not a professional, trade at your own risk. I'm simply sharing my trades and reasoning behind them.**

Feel free to comment if you see something wrong or thumbs up if you agree.

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Riding 200 EMA as support on 4H chart

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Looks like started to push higher.

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Made over 23% since call. I'm currently holding for higher target, but watching it and BTC closely in case big moves start to unfold.

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Currently below 20 EMA and 50 EMA, but trying to break back above. Close to a bullish crossover on the MACD, so hopefully we get a bounce back above it and continue up. We just had a bounce from a previous support last night. (Red Dashed)

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Same chart as above but zoomed out a bit

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Zoomed out a bit more, I'd be worried about a break below the triangle, and more optimistic about going higher if we break above it. If we don't get above the EMA's I'd expect a drop down to the bottom of the triangle, if not straight to the dotted red support it bounced off before. Probably worth mentioning the big green triangle is more or less just a guess of how it'd continue on since it didn't really continue up for a 5 up wave.

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Daily chart we are looking close to a potential bearish crossover. The main point as of right this second is that it may get a bounce up right here, and it tried to last night, but I'm currently waiting to see what happens today to see if it clarifies anything a bit better.

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Waiting to see which side of this triangle the price moves. Should have a move soon.

MACD has crossed bearish on the 1D chart

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Broke above this little downward channel. Looks like we got a bounce at roughly the bottom of the big triangle I drew earlier.

bwymore

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bwymore