#BTCanalysis

💵@vipclub_99 LiBZ42


Daily

Bitcoin is looking very strong here on the Daily and I would not be surprised if we just break above this last resistance before ATHs and continue up for a while.

But we have to remember we are currently at resistance and the Daily chart looks a bit overextended. If we see a rejection here it would make perfect sense to see a retrace back down towards the Daily 20EMA (Blue) or Daily 50EMA (Grey) where we also have the 50% fib.

This idea would be invalidated if we see a break into new ATHs




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

#BTCanalysis

💵@vipclub_99 Jimie


DAILY REPORT BITCOIN
LTF 4h

I’m in a long position now. And I don’t feel comfortable adding here to my current trade. BTC is basically flagging here in the middle of nowhere. The upper box is a place where I’m about to TP. And maybe if there is bearish price action going on at resistance then I will look for shorts. I will then mainly looking for serious bearish divergence and bearish reversal candle patterns around the specified resistance. IF bulls can reclaim 20.3k, which is my preferred scenario. Then I’m more than happy to open new long positions.

The market is very boring, but eventually BTC will choose a direction. Be prepared, plan ahead and make sure you set your alerts.