BTCUSDT 16-04-2021
Daily
Yesterday's Daily candle closed as a bullish engulfing and we reclaimed the 30.9k key level I mentioned in my last update. Also, yesterday's conference helped lil bit. Even though this is a good start we have to remember the pressure is still strong on the downside and price still below important daily EMA’s + the daily rsi downtrend haven't broken either,
Looking at the Daily chart there is not much to be bullish about until we reclaim the 34k area if bitcoin manages to close daily above 33k would confirm daily rsi downtrend broken
Looking at the 4H as long 31k level hold I’dd expect bitcoin to continues with an uptrend towards 33.7k
Long term outlook is still the same 45k + btc will be sooner than you think
Important support is Year LOW 28.8k been saying this since the drop start few month back level
Still holding. Buy low 30s sell on bounce some and accumulate for the long term.
Buying low 30s means if key level break u only risk couple %.
Yesterday's Daily candle closed as a bullish engulfing and we reclaimed the 30.9k key level I mentioned in my last update. Also, yesterday's conference helped lil bit. Even though this is a good start we have to remember the pressure is still strong on the downside and price still below important daily EMA’s + the daily rsi downtrend haven't broken either,
Looking at the Daily chart there is not much to be bullish about until we reclaim the 34k area if bitcoin manages to close daily above 33k would confirm daily rsi downtrend broken
Looking at the 4H as long 31k level hold I’dd expect bitcoin to continues with an uptrend towards 33.7k
Long term outlook is still the same 45k + btc will be sooner than you think
Important support is Year LOW 28.8k been saying this since the drop start few month back level
Still holding. Buy low 30s sell on bounce some and accumulate for the long term.
Buying low 30s means if key level break u only risk couple %.
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