🔥 BITCOIN CHANNEL EXIT FOLLOWUP! 🔥
Hey guys! Wishing well as always, just wanted to make a quick follow up before I went to bed.
đź’ĄBasically bitcoin has exited it's ascending channel and is rather close to that 200 EMA now following the flip by our 20/50 EMA's. Right now it's gonna be important for Bitcoin to hold it's weight and support above $20,000 otherwise should we get pulled further we could see a 200 EMA exit followed by a mountain fall in the process.
đź’ĄNow whether or not that'll happen is to be seen but wanted to put that out there for those of you eager and on watch as this is pretty important. After all, if we lose that 200 EMA it'll likely end up with us getting pulled down to that $20,000 line which is crucial and should we lose that we'd be right back at the struggle. Right now it's pretty prevalent that the traders playing the market right now are whales and whales definitely don't like to keep their positions when there's a possible risk of losing a crucial support such as $20,000. So watch out tonight going into tomorrow on whether or not we can manage to hold our ground as we can do that and build support.
đź’ĄOr whales can get scared should we come closer to $20,000 and in tune start selling their positions out of caution. I'm just letting you guys know as we can either get big support or see a lot of selling should we approach that point once again. Our EMA's will be what most will be watching for, especially that 200 EMA.
If you guys liked the idea or understand it then feel free to leave a like and follow, it's much appreciated and I'm simply doing what I can. Thank you.
~ Rock '
đź’ĄBasically bitcoin has exited it's ascending channel and is rather close to that 200 EMA now following the flip by our 20/50 EMA's. Right now it's gonna be important for Bitcoin to hold it's weight and support above $20,000 otherwise should we get pulled further we could see a 200 EMA exit followed by a mountain fall in the process.
đź’ĄNow whether or not that'll happen is to be seen but wanted to put that out there for those of you eager and on watch as this is pretty important. After all, if we lose that 200 EMA it'll likely end up with us getting pulled down to that $20,000 line which is crucial and should we lose that we'd be right back at the struggle. Right now it's pretty prevalent that the traders playing the market right now are whales and whales definitely don't like to keep their positions when there's a possible risk of losing a crucial support such as $20,000. So watch out tonight going into tomorrow on whether or not we can manage to hold our ground as we can do that and build support.
đź’ĄOr whales can get scared should we come closer to $20,000 and in tune start selling their positions out of caution. I'm just letting you guys know as we can either get big support or see a lot of selling should we approach that point once again. Our EMA's will be what most will be watching for, especially that 200 EMA.
If you guys liked the idea or understand it then feel free to leave a like and follow, it's much appreciated and I'm simply doing what I can. Thank you.
~ Rock '
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