K.I.S.S. Keep It Simple Stupid

5. Feb. 2022

Yesterdays daily close for BTC broke a downward trendline from November 9, 2021. I anticipate BTC to retrace and test the 21 ema area ( 39,500. ) as support before a push to test resistance in the 50 ema area ( 42,700. ). BTC needs to flip resistance in the 50 ema area ( 42,700. ) into support on the daily. Further confirmation would be for BTC to turn the 21 ema area ( 47,000. ) on the weekly into support. With that we could possibly witness the next run up over the next 4 months into a new all time high for BTC. Good Luck and Happy Trading

7. Feb. 2022

Anmerkung

On the daily BTC is attempting to flip resistance into support at the 50 ema area (42,700.) along with two monthly resistance areas at (43,100.) and (43,859.). A daily close for BTC above the 50 ema area (42,700.) should resume the upward movement.