📌Quick Bitcoin night TA here for you guys as well as a follow up on just what's going on here basically and what to watch out for, thanks for tuning in and let's look.
📌In today's earlier Idea I noted that Bitcoin could be on the verge of going up for another step up or be facing a retracement that may be dramatic based on how this price action plays out in the coming days. It seems like $22,450 was our resistance and we'll have to break that next but right now may be the start of the retracement we've been anticipating and we'll have to wait to see how that starts and plays out to figure what'll be our next step.
📌You can already see those 20/50 EMA's starting to flip and unless strong support kicks in we'll likely see a mountain fall form so the next step is to see whether or not we manage to keep above our MAIN wedge of if we really get pulled down and lose that support by which then our next support would be $21,600 and so on with the other markings and supports below.
📌Just gonna leave the idea there for now but I hope that helps give some clarification and a better understanding of what we could be looking at. If you would like to leave a like or follow it'd be much appreciated, simply doing what I can as always for you guys and wishing nothing but the best!
~ Rock '
📌In today's earlier Idea I noted that Bitcoin could be on the verge of going up for another step up or be facing a retracement that may be dramatic based on how this price action plays out in the coming days. It seems like $22,450 was our resistance and we'll have to break that next but right now may be the start of the retracement we've been anticipating and we'll have to wait to see how that starts and plays out to figure what'll be our next step.
📌You can already see those 20/50 EMA's starting to flip and unless strong support kicks in we'll likely see a mountain fall form so the next step is to see whether or not we manage to keep above our MAIN wedge of if we really get pulled down and lose that support by which then our next support would be $21,600 and so on with the other markings and supports below.
📌Just gonna leave the idea there for now but I hope that helps give some clarification and a better understanding of what we could be looking at. If you would like to leave a like or follow it'd be much appreciated, simply doing what I can as always for you guys and wishing nothing but the best!
~ Rock '
