3 MONTH BTC EMA ANALYSIS,1D CANDLE PROVES DESCENDING CHANNEL!
Wake up! It's obvious from this view that no matter who states otherwise... BTC IS FALLING!
In order for things to improve a few things MUST happen:
1. Break above the current 50 EMA calculated by the 1D candle. This will act as the first resistance level .
2. Break above the 100 EMA (same logic as above).
3. Break above the 200 EMA (same logic as above).
4. Finally the white price channel that is extending out until 1 April MUST be broken!
The ONLY way to avoid the volatility of the crypto market is to view EVERYTHING from the thousand foot view (use the daily candle as your minimum view). These candles will show you solid signs of a reversal and upward trend.
THE REST IS JUST NOISE!
In order for things to improve a few things MUST happen:
1. Break above the current 50 EMA calculated by the 1D candle. This will act as the first resistance level .
2. Break above the 100 EMA (same logic as above).
3. Break above the 200 EMA (same logic as above).
4. Finally the white price channel that is extending out until 1 April MUST be broken!
The ONLY way to avoid the volatility of the crypto market is to view EVERYTHING from the thousand foot view (use the daily candle as your minimum view). These candles will show you solid signs of a reversal and upward trend.
THE REST IS JUST NOISE!