BTCUSD :: Has liftoff commenced? 20% uptrend to test resistance?
The four hour chart has started a strong uptrend solidly closing a bar above the 50/200 4H EMA crossover. Could this spell the end of the sideways trend and signal BTC heading for channel resistance test around $70k?
I think it very well may, but I'm still holding other coins that I think will rise along with it and with a larger percentage. I anticipate pulling some profit as it nears the trend line from my other holdings then apeing on the correction.
The big test will be if it can close today & tomorrow's candle above the 50D MA and to the right of the presently being tested 45 degree daily downtrend line, imo.
I think it very well may, but I'm still holding other coins that I think will rise along with it and with a larger percentage. I anticipate pulling some profit as it nears the trend line from my other holdings then apeing on the correction.
The big test will be if it can close today & tomorrow's candle above the 50D MA and to the right of the presently being tested 45 degree daily downtrend line, imo.
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