The weekly candle closes tomorrow, at this time we will have a better picture as to what Bitcoin will be doing next.
Hit LIKE now and let's look at what we have today.
The immediate support for Bitcoin (BTCUSD) on the weekly (W) timeframe is set at EMA50 or $44,400 USD.
This is a very, very important level.
If EMA50 fails, we are going really low.
(notice the word "if")
If Bitcoin closes weekly below EMA50, we still have EMA100 as the critical support at $34,000 USD per BTC.
If EMA100 fails, think about March 2020 and December 2018.
Each time that EMA100 was taken out as support on the weekly timeframe, we had very strong and deep corrections.
This is no big deal of course because the weeks that followed we had sustained and continued growth. Even if this scenario playsout we are guaranteed to continue with the long-term bullish growth.
The indicators are bearish and show room for additional drop.
I will not make any predictions now, let's wait for the weekly close after Sunday.
Remember to bless me with your FOLLOW, LIKEs and COMMENTs.
We will be looking at the monthly timeframe as well on the next article.
Thank you for reading.
Namaste.
Hit LIKE now and let's look at what we have today.
The immediate support for Bitcoin (BTCUSD) on the weekly (W) timeframe is set at EMA50 or $44,400 USD.
This is a very, very important level.
If EMA50 fails, we are going really low.
(notice the word "if")
If Bitcoin closes weekly below EMA50, we still have EMA100 as the critical support at $34,000 USD per BTC.
If EMA100 fails, think about March 2020 and December 2018.
Each time that EMA100 was taken out as support on the weekly timeframe, we had very strong and deep corrections.
This is no big deal of course because the weeks that followed we had sustained and continued growth. Even if this scenario playsout we are guaranteed to continue with the long-term bullish growth.
The indicators are bearish and show room for additional drop.
I will not make any predictions now, let's wait for the weekly close after Sunday.
Remember to bless me with your FOLLOW, LIKEs and COMMENTs.
We will be looking at the monthly timeframe as well on the next article.
Thank you for reading.
Namaste.
註釋
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6132
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6132
🏆 FREE Trade-Numbers
anandatrades.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。