BTC Resistance at 50 EMA Daily
#btc Finding resistance at the Daily EMA as expected. Need to confirm a few points of interest before accepting a continuation in this 3rd wave of a bigger cycle. Daily needs to get above the 50 EMA and hold, continue on this new trend.
RSI on the longer time frames is now holding as support, however this has happened a few times recently and failed each time.
If Bitcoin can get across the 50 EMA Daily and hold a few days the $4000/$4050 retest will be a crucial point.
My feeling is that for now the $4000 test will be hard to hold and for now im looking to see where this new 1st impulsive wave retraces to and holds to find any support.
BTC was due to break out of the falling wedge its been in for a while now, will it hold, time will tell.
I did not take this BTC trade as there was not enough Reward vs risk in the trade. I instead chose to accumulate LTC between $30 and $33 as well as ETH Between $100 and $104 USD.
Patitince was rewarded and closing my LTC trade at $42 and ETH at $1.22 both training stops kicked giving an 18% return. In any world 18% return in 3 weeks is amazing and its why i will continue to trade crypto for financial freedom
RSI on the longer time frames is now holding as support, however this has happened a few times recently and failed each time.
If Bitcoin can get across the 50 EMA Daily and hold a few days the $4000/$4050 retest will be a crucial point.
My feeling is that for now the $4000 test will be hard to hold and for now im looking to see where this new 1st impulsive wave retraces to and holds to find any support.
BTC was due to break out of the falling wedge its been in for a while now, will it hold, time will tell.
I did not take this BTC trade as there was not enough Reward vs risk in the trade. I instead chose to accumulate LTC between $30 and $33 as well as ETH Between $100 and $104 USD.
Patitince was rewarded and closing my LTC trade at $42 and ETH at $1.22 both training stops kicked giving an 18% return. In any world 18% return in 3 weeks is amazing and its why i will continue to trade crypto for financial freedom
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