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RE: BTC MidDay Update: What can the Bullish MACD do?
Nice analysis, there is a short term bullish movement but that seems like a trap set by beers.
i think bitcoin will not move above heavy resistance around $12900 in upcoming days, the EMA50 is currently acting a resistance, in last 2 days it has attempted atleast 3 times to cross above EMA50 , which it is trying to do again, if it succeds then again EMA200 can be next upward target,
bulls need to play with caution, BTC is not out of the woods yet, still a long way to go.
there is not gonna be sudden rally now since heavy institutional investors are involved and easy money for them is at the downside,
Yes, that's a probable scenario. IF price breaches the upper line of the triangle; then the next line is that of the flag pattern. Likely, it'll turn down and still give us the $8k to $7,700 or so.
downward or upward no problem, we can make money anyway.
thanks for the acknowledgement, means a lot.