ðĨBITCOIN EXITING THE CHANNEL ðĨ FOLLOW UP!
ðĨThere honestly isn't much I have to say right now, I mean we quite literally said Bitcoin was exiting the descending channel in the last idea so you guys can give that a read first of all which will definitely help you understand some more.
ðĨBut overall to keep things simple we've exited the major descending channel which Bitcoin had been dealing with since it's first major drop from $28,000 and right now it's looking great with that 200 EMA keeping within the mountain we've got going on right now and helping us as the further we get away from that descending channel the harder it'll get for bears to pull us back down.
ðĨOn top of that market sentiment is generally starting to rise as Binance announces it's in talks with over 50 crypto ventures to help them deal with the crypto winter. On top of that Celsius has paid off $158 million in debt to Maker which is one of the crypto sectors largest lending platforms and that's helped alleviate a lot of worries that Celsius was facing major issues with it's finances.
ðĨYou guys should watch those EMA's right now to be honest as those will give you perhaps the most insight into what we could face and whether or not a mountain drop does end up forming with those 20 and 50 EMA's flipping. If that happens then we'd have to watch that 200 EMA to see if it exits the mountain as well. Either way just look at those EMA's.
If you guys appreciated the idea a like or follow would be much appreciated, thank you!
~ Rock
ðĨBut overall to keep things simple we've exited the major descending channel which Bitcoin had been dealing with since it's first major drop from $28,000 and right now it's looking great with that 200 EMA keeping within the mountain we've got going on right now and helping us as the further we get away from that descending channel the harder it'll get for bears to pull us back down.
ðĨOn top of that market sentiment is generally starting to rise as Binance announces it's in talks with over 50 crypto ventures to help them deal with the crypto winter. On top of that Celsius has paid off $158 million in debt to Maker which is one of the crypto sectors largest lending platforms and that's helped alleviate a lot of worries that Celsius was facing major issues with it's finances.
ðĨYou guys should watch those EMA's right now to be honest as those will give you perhaps the most insight into what we could face and whether or not a mountain drop does end up forming with those 20 and 50 EMA's flipping. If that happens then we'd have to watch that 200 EMA to see if it exits the mountain as well. Either way just look at those EMA's.
If you guys appreciated the idea a like or follow would be much appreciated, thank you!
~ Rock
