Hey guys wishing well as always! Just gonna post this idea real quick and short since I have work to go to so wishing nothing but the best vibes.
Bitcoin came in clutch with that support last night which I had said in the previous idea we would need in order to avoid a further fall. Just as we we we're about to/had basically lost that 200 EMA level, Bulls came in force to defend that point and pulled us back up above the EMA so that we could see what we're looking at now with Bitcoin back on the rise following it's exit from the ascending channel which I had noted would lead to a fall of some sort should we exit it.
Thankfully that fall was held back thanks to the support we received overnight but right now I just wanted to put this before I left, It looks like BTC could form another double top at $21,200. If it can't form a higher high then it'll be a double top and you guys already know what that means.
So I'm gonna leave it here but watch those EMA's and that 200 EMA on the shorter time frame if your scalp trading, a mountain fall could very well form so just letting you guys know to watch for that and be wary, whales love creating hype then dumping so that's why it's always good to be smart with your own moves. If we're lucky though we'll form a higher high and establish a good setting for ourselves but as always there will be those that don't want us to move higher, so at this point. It's a fight of the whales to see who's got the real strength.
Thank you guys for tuning in today, and if you'd like to leave a like or follow it'd be much appreciated, and if you doubt my track record, you can take a look at my history and you'll see it speaks for itself. I simply do my best for my followers and always give the best I can to you guys, thank you.
~ Rock
Bitcoin came in clutch with that support last night which I had said in the previous idea we would need in order to avoid a further fall. Just as we we we're about to/had basically lost that 200 EMA level, Bulls came in force to defend that point and pulled us back up above the EMA so that we could see what we're looking at now with Bitcoin back on the rise following it's exit from the ascending channel which I had noted would lead to a fall of some sort should we exit it.
Thankfully that fall was held back thanks to the support we received overnight but right now I just wanted to put this before I left, It looks like BTC could form another double top at $21,200. If it can't form a higher high then it'll be a double top and you guys already know what that means.
So I'm gonna leave it here but watch those EMA's and that 200 EMA on the shorter time frame if your scalp trading, a mountain fall could very well form so just letting you guys know to watch for that and be wary, whales love creating hype then dumping so that's why it's always good to be smart with your own moves. If we're lucky though we'll form a higher high and establish a good setting for ourselves but as always there will be those that don't want us to move higher, so at this point. It's a fight of the whales to see who's got the real strength.
Thank you guys for tuning in today, and if you'd like to leave a like or follow it'd be much appreciated, and if you doubt my track record, you can take a look at my history and you'll see it speaks for itself. I simply do my best for my followers and always give the best I can to you guys, thank you.
~ Rock
