Bitcoin down 2.37% is getting support at the 200EMA

2024年8月27日

https://www.tradingview.com/x/Yuoy6njp/

I scanned through all of the lowertimeframes and I saw plenty of price turnaround from the notorious double top sell-off.

I see on the mid-timeframes that bitcoin is getting support on the 200ema.

My analysis is that Bitcoin is going much much higher soon.

The weekly cup n handle system on the weekly is a mammoth system.

2024年8月27日

交易進行

I got long on bitcoin. I like the momentum price is getting from the oscillators coming out of their oversold positions.

2024年8月27日

交易進行

I have a Long position in Bitcoin I took about 30 minutes ago. I never bet big with bitcoin however I wish this was not the case when it's price-action jumps upwards out of the weekly cup n handle which I predict to happen within a month.

Here is the current 4HR chart for bitcoin in bollingerbands you can see the selling volatility has eased and this thing is getting a tone of support from the momentum Oscillators right now.

2024年8月27日

交易進行

You can see price found support on the purple 200ema

2024年8月27日

註釋

See here this 2m chart...Bitcoin has been moving around in this 2m triangle for the past 24 hours. A triangle it is about to jump out of to higher prices.

2024年8月27日

交易進行

Guys, Bitcoin opened the New Zealand Wednesday trade-day down 6% at the open. However, I am watching the RSI & STOCHASTICS 4HR & HR and it could a bit of a run soon. It will depend on whether its oversold state attracts enough buying. I will let you know.