So we've been enjoying a wonderful ride down memory lane with an explendid alt season, However the dominance chart shows us that we are approaching a strong resistance Level on the Fib retracement. piercing this level brings us closer to test historical.
In The BTC chart the 4h timeframe reveals that diagonal support has been broken, the 200 EMA have crossed all the others, and BTC is reaching the 100 EMA, on an uptrend, but so far it hasnt crossed over. leaving still the possiblity of a dip to the 49-43k area or to go for 67k. The 100 EMA is however historically known from being highly respected.
The daily timeframe gives us a brighter perspective wuth all the EMA´s crossed still but BTC is using the 100 EMA line as dynamic support and heading upwards. However change starts at smaller time frames and move upwards. soon we will find out who wins.
This does not mean that its a Bear season, just that bears exist and at some point some resistance should be expected
In The BTC chart the 4h timeframe reveals that diagonal support has been broken, the 200 EMA have crossed all the others, and BTC is reaching the 100 EMA, on an uptrend, but so far it hasnt crossed over. leaving still the possiblity of a dip to the 49-43k area or to go for 67k. The 100 EMA is however historically known from being highly respected.
The daily timeframe gives us a brighter perspective wuth all the EMA´s crossed still but BTC is using the 100 EMA line as dynamic support and heading upwards. However change starts at smaller time frames and move upwards. soon we will find out who wins.
This does not mean that its a Bear season, just that bears exist and at some point some resistance should be expected