Can BTC make it above 12 EMA or face Rejection?
アップデート済
1 Daily Chart
Overall, BTC is still in a downtrend. We're still below our 12/26 EMA(yellow,purple). We face resistance on our 200 SMA(which) which is one of our significant indicator. We made a 3rd bounce off of our S4 support line. Volume isn't impressive but there are some bullish signals as well, which I have listed on the chart. I use EMA's to see the momentum of the market. In a strong downtrend momentum; 12 EMA usually acts as strong resistance, if this is the case then we could see more downside. So we need to get above our EMA's to avoid going down lower.
1 Weekly Chart
On our weekly, we can see a clear shift in momentum as BTC breaks through our weekly EMA's. We still have our S4 support sitting on our 100 SMA (orange) which we are getting a bounce from, but will it be enough to break through and stay above our EMA's?
Overall, BTC is still in a downtrend. We're still below our 12/26 EMA(yellow,purple). We face resistance on our 200 SMA(which) which is one of our significant indicator. We made a 3rd bounce off of our S4 support line. Volume isn't impressive but there are some bullish signals as well, which I have listed on the chart. I use EMA's to see the momentum of the market. In a strong downtrend momentum; 12 EMA usually acts as strong resistance, if this is the case then we could see more downside. So we need to get above our EMA's to avoid going down lower.
1 Weekly Chart
On our weekly, we can see a clear shift in momentum as BTC breaks through our weekly EMA's. We still have our S4 support sitting on our 100 SMA (orange) which we are getting a bounce from, but will it be enough to break through and stay above our EMA's?
ノート
1 Daily Update
1 Weekly Update
Red rectangle also meets where our 26 EMA is on our weekly. A breakout from our red rectangle could put us back into bull's territory.
ノート
Looks like bulls did not manage to break above our red rectangle.
ノート
We're now back below our EMA's. Not being able to stay above our EMA's is troubling.ノート
If we can't make it above our 12 EMA(yellow), we could go back down to test pink dotted support trendline which sits at our S4 support.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。