The longer a resistance level is challenged, the weaker it becomes.
When a resistance level produces a rejection and a drop is to follow it tends to happen fast...
Look back at 20-Jan. and 10/17-Feb. This hasn't happen yet...
We see Bitcoin fighting resistance while remaining strong (prices trading above EMA10). This type of price action favors the bulls.
A break and close above $45,850 is needed for Bitcoin to continue up.
A drop can still happen but we have plenty of room to retrace (support) and end up in a higher low.
Higher lows are bullish and tend to lead to higher highs... The bulls are still currently on top.
We need a higher high...
I am still bullish, what about you?
Share in the comments below.
Namaste.
When a resistance level produces a rejection and a drop is to follow it tends to happen fast...
Look back at 20-Jan. and 10/17-Feb. This hasn't happen yet...
We see Bitcoin fighting resistance while remaining strong (prices trading above EMA10). This type of price action favors the bulls.
A break and close above $45,850 is needed for Bitcoin to continue up.
A drop can still happen but we have plenty of room to retrace (support) and end up in a higher low.
Higher lows are bullish and tend to lead to higher highs... The bulls are still currently on top.
We need a higher high...
I am still bullish, what about you?
Share in the comments below.
Namaste.
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💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.