👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Bitcoin has finally came out of stage 1/sideways movement and is trading nicely above the 200,50,10 emas into stage 2 bullish price action. Price looks like it wants to head towards 73843.1 and break new highs.
Validation 30m: Price has also broken bullish out of stage 1 last week and is starting stage 2 by breaking new highs and trading above the 10,50,200. I am expecting a bullish week out of BTCUSD and looking to follow this long.
Analysis summary: Bullish bias on BTCUSD and expecting price to break new all time highs in the next couple of weeks. If price continues to show strength then I will happily follow this price action long throughout the week inside the 5m chart.
Good luck this week to all crypto traders! Follow your trading plan/rules!
5hr chart:
Context 5hr: Bitcoin has finally came out of stage 1/sideways movement and is trading nicely above the 200,50,10 emas into stage 2 bullish price action. Price looks like it wants to head towards 73843.1 and break new highs.
Validation 30m: Price has also broken bullish out of stage 1 last week and is starting stage 2 by breaking new highs and trading above the 10,50,200. I am expecting a bullish week out of BTCUSD and looking to follow this long.
Analysis summary: Bullish bias on BTCUSD and expecting price to break new all time highs in the next couple of weeks. If price continues to show strength then I will happily follow this price action long throughout the week inside the 5m chart.
Good luck this week to all crypto traders! Follow your trading plan/rules!