Bitcoin is heading toward very important area, looks like we have classic ABC corrective structure with B wave as running flat...that gives us an opportunity to take long position in 6800$ area. Confirmation of short term trend reversal would be breakout above red trendline. Otherwise, we may hit 5900$ area.
Here is D1 chart with the price behaviour below very strong EMA, maybe history will repeat? :)
Remember to protect your postion, and look for reliable price action in marked area.
Trade responsibly.
Here is D1 chart with the price behaviour below very strong EMA, maybe history will repeat? :)
Remember to protect your postion, and look for reliable price action in marked area.
Trade responsibly.