Hey guys wishing well as always! Just gonna be a quick idea since it's a follow up from yesterday and nothing dramatic has changed so if you'd like to give that a read it's linked below.
🔎But basically right now Bitcoin managed to pull up to our already marked resistance of $20,400 before being rejected upon which it lost it's 200 EMA and is now doing it's best to catch that 200 EMA again and basically "enter the mountain" again which hopefully should set us back on the rails after all that's happened with us nearly crashing into $18,900 yesterday.
🔎Encircled you can see those 200 EMA mountain entry and exits which show how price action reactions whenever we leave or enter with that EMA. We need Bitcoin to grab $20,000 soon otherwise we'll likely see a fall further back into the lower $19,000's and even further if we can't find any ground. And should we come across $19,000 that's gonna be a real vital point where we wanna see real strong support hit again or else we could face that support line again by which a huge amount of volume is sitting right below that signaling large stop loss/sell orders most likely just waiting to be triggered should we hit that.
🔎I'm gonna leave the idea here for now but basically watch those EMA's as always and keep an eye on those support and resistance lines. My indicators continue to show you guys day in and out so much. Even if I'm not posting those indications will tell you what you need to know and help with price action.
🔎If you guys wouldn't mind leaving a like and following it'd be much appreciated as always! Simply giving the best that I can and again my track record will clearly show that I only improve with each idea and most of my ideas hit spot on telling you exactly what you need to know and giving accurate and detailed scenarios which play out. Anyway thank you guys for tuning in and keep well, safe, and trade responsibly! It's always great to read but make sure to do your own DD as well, a lil' self DD never hurts.
~ Rock '
🔎But basically right now Bitcoin managed to pull up to our already marked resistance of $20,400 before being rejected upon which it lost it's 200 EMA and is now doing it's best to catch that 200 EMA again and basically "enter the mountain" again which hopefully should set us back on the rails after all that's happened with us nearly crashing into $18,900 yesterday.
🔎Encircled you can see those 200 EMA mountain entry and exits which show how price action reactions whenever we leave or enter with that EMA. We need Bitcoin to grab $20,000 soon otherwise we'll likely see a fall further back into the lower $19,000's and even further if we can't find any ground. And should we come across $19,000 that's gonna be a real vital point where we wanna see real strong support hit again or else we could face that support line again by which a huge amount of volume is sitting right below that signaling large stop loss/sell orders most likely just waiting to be triggered should we hit that.
🔎I'm gonna leave the idea here for now but basically watch those EMA's as always and keep an eye on those support and resistance lines. My indicators continue to show you guys day in and out so much. Even if I'm not posting those indications will tell you what you need to know and help with price action.
🔎If you guys wouldn't mind leaving a like and following it'd be much appreciated as always! Simply giving the best that I can and again my track record will clearly show that I only improve with each idea and most of my ideas hit spot on telling you exactly what you need to know and giving accurate and detailed scenarios which play out. Anyway thank you guys for tuning in and keep well, safe, and trade responsibly! It's always great to read but make sure to do your own DD as well, a lil' self DD never hurts.
~ Rock '
