🅱️ Bitcoin Short-Term Update

13. Sept. 2023

👉 Higher timeframes: 



➖ Bitcoin daily closed above EMA10 and looking good.
➖ 
Bitcoin weekly trading above EMA200

👉 Short-term update:

➖ Failed breakout is a bullish signal. Can also be called bear-trade, stop-loss hunt, etc.
➖ Trading above EMA50 = bullish.
➖ RSI & MACD bullish.
➖ Major support level holding since 17-Aug. flash rash.

👉 Conclusion:

➖ Short-term bullish bias remains strong/valid/active above the support level marked on the chart.
➖ Recent price action favors the bulls.

👉 Prediction:

➖ Bullish action to speed up after mid-September;
➖ Maximum speed late month.

Namaste.