BTC Status - 4-January-2021
BTC has clearly been extremely bullish since it has been bought up along the 4 EMA (gold line) for weeks.
Right now, it is having a minor pull back and testing the 4 EMA on the daily. It held that level strongly.
I would not go long at this level. BTC will either pull back even more towards the 13 EMA (gray line) or will consolidate/form a bullish flag and continue upwards.
If you are looking to go long, I would be a buyer if it crosses the $33,670 area or if it dips to the 13 EMA and holds (i.e. $28,400 ish).
Right now, it is having a minor pull back and testing the 4 EMA on the daily. It held that level strongly.
I would not go long at this level. BTC will either pull back even more towards the 13 EMA (gray line) or will consolidate/form a bullish flag and continue upwards.
If you are looking to go long, I would be a buyer if it crosses the $33,670 area or if it dips to the 13 EMA and holds (i.e. $28,400 ish).
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.