Consolidation ongoing, all good
Hey guys, BTC is still in consolidation mode after the huge bull break, and is right now between both EMAs 12 & 26 on the Hourly. We haven't even touched 4H EMA's which right now come in at 6530 & 6420 respectively. => We still have much room for consolidation, if Bitcoin needs it. If not, even better! => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
On the Daily, the EMA 26 is right now acting as resistance => Keep in mind: In order to reverse the trend, the chart will not move higher without holding its breath, but it will rather always create a Daily Higher Low & Higher High => In order to get a Daily Higher Low, we need to lose the 4H higher Lows; in order to lose the 4H higher lows, we need to lose Hourly higher lows, aso. So, just keep that in mind going forward.
To the upside, we have right now the 6650 range (without wicks) as resistance.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
On the Daily, the EMA 26 is right now acting as resistance => Keep in mind: In order to reverse the trend, the chart will not move higher without holding its breath, but it will rather always create a Daily Higher Low & Higher High => In order to get a Daily Higher Low, we need to lose the 4H higher Lows; in order to lose the 4H higher lows, we need to lose Hourly higher lows, aso. So, just keep that in mind going forward.
To the upside, we have right now the 6650 range (without wicks) as resistance.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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