Let's look at the positive side and hit like...
Bitcoin is bearish after some really strong bullish action, but this is just a healthy correction taking place.
Yes, we see Bitcoin going lower since the 22nd of February but the trading volume is low and we continue bullish mid and long-term.
We are likely to see prices bounce to ~$50,000+ when EMA50 (~$40000/$41500) is hit.
Then we can have another bearish leg before the Bitcoin price can continue to increase.
At EMA100 we can fully reverse, what's your take?
Remember you can leave a comment if you have any questions or anything to share.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Bitcoin is bearish after some really strong bullish action, but this is just a healthy correction taking place.
Yes, we see Bitcoin going lower since the 22nd of February but the trading volume is low and we continue bullish mid and long-term.
We are likely to see prices bounce to ~$50,000+ when EMA50 (~$40000/$41500) is hit.
Then we can have another bearish leg before the Bitcoin price can continue to increase.
At EMA100 we can fully reverse, what's your take?
Remember you can leave a comment if you have any questions or anything to share.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
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Weekly we are going for EMA10 and once EMA10 is hit we also get a bounce.
Bounce timeframes are pointing to this.
The overall trend continues to be bullish.