BTC key levels to break UPWARDS!
Finally we are seeing some movement in the market after a few days of sideways momentum. Personally, I do believe the bottom is in and all the FUD has ended, for now.
We see BTC breaking above the 4 hour EMA ribbon and also breaking out of the pennant resistance, which is a bullish sign. However, there are some key levels for BTC to break before we can confirm our journey back into the bull cycle.
The first key level (MOST IMPORTANT LEVEL) I would be watching is the 42k level where we previously tried to break but failed. Level 2 & 3 should be fairly easy to clear as we did experience quite bullish momentum during the journey up in the previous round.
Will wait for confirmation on the 38k and put a long position to 42k as the first TP (take profit) zone and then ride it out from there! Stay safe & trade well!
Cheers
We see BTC breaking above the 4 hour EMA ribbon and also breaking out of the pennant resistance, which is a bullish sign. However, there are some key levels for BTC to break before we can confirm our journey back into the bull cycle.
The first key level (MOST IMPORTANT LEVEL) I would be watching is the 42k level where we previously tried to break but failed. Level 2 & 3 should be fairly easy to clear as we did experience quite bullish momentum during the journey up in the previous round.
Will wait for confirmation on the 38k and put a long position to 42k as the first TP (take profit) zone and then ride it out from there! Stay safe & trade well!
Cheers
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