BTCUSD: Hit our TARGET! What are the next key points to watch?
• BTC hit the target we mentioned yesterday, as it triggered our Double Bottom chart pattern. The link to my previous analysis is in the link below this post;
• Now, BTC shows some exhaustion, but it is still bullish in the short/mid-term, as it is doing higher highs/lows and it is above its 21 ema;
• There’s no clear bearish top sign yet, and BTC would only trigger a sharper correction if it loses the dual-support area made by the 38.2% retracement + 21 ema in the daily chart;
• In fact, if it closes above the $20,800 in the daily chart, it’ll trigger another bullish pivot point;
• For now, let’s keep our eyes on these key points. I won’t set any other public target on it for now, but I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
• Now, BTC shows some exhaustion, but it is still bullish in the short/mid-term, as it is doing higher highs/lows and it is above its 21 ema;
• There’s no clear bearish top sign yet, and BTC would only trigger a sharper correction if it loses the dual-support area made by the 38.2% retracement + 21 ema in the daily chart;
• In fact, if it closes above the $20,800 in the daily chart, it’ll trigger another bullish pivot point;
• For now, let’s keep our eyes on these key points. I won’t set any other public target on it for now, but I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
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