Hey guys welcome for a fresh crypto update -------------------------------------------------------- A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :) -------------------------------------------------------- The prices dumped following the bitcoin movement, its currently testing our support level at fib 236 -------------------------------------------------------- The price should hold this level in short term but if a candle closes below our support level we could see a correction upto 218$ -------------------------------------------------------- if prices holds this level we could see 288$ or previous high then a weekly close above 306$ or weekly resistance will confirm a bull market -------------------------------------------------------- Thanks for reading... For further inquiries or questions dm or comment below -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
hello Husain, thanks for your insights, very appreciated. I -have a question about the so called bull market? We see on the weekly chart for BTC that the bear market is confirmed 2x red candle, but a lot of people think it is still bull? What are the elements that lead to that conclusion?
Husain_Arkghazi
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@tamola, hey mate first of all thanks for your response and support really appreciate, regarding to the bull market so my personal analogy is than when prices makes two weekly closes above 20 ema i consider it a bull market meanwhile some other factors also like overbought rsi in weekly chart and a higher high in weekly chart