Bitcoin Straight Up? It Is Looking Just Like It... Do You Agree?

8 באוק׳ 2021

Greetings my fellow cryptocurrency traders, how are you feeling this Friday?

We have a very strong volume bar 6-Oct. and also an ascending channel for BTCUSD.

After the peak on the six, we have some retrace but the price remains above EMA10. This can lead to straight up right away.

What do you say?

If EMA10 ($53790) fails to hold as support, we are likely to hit lower, around $50,000 before we continue up... This is only relevant if the bears come on board.

As long as we remain above EMA10, we have bullish potential for the short-term.

Watch out for higher prices...
Be prepared in case the market conditions change.

On this bullish cycle, the weekends have been green while we get red on the first part of the week.

Seeing that the weekend is ahead of us... This is another signal that supports a jump for BTC!

Like or comment... Which one will you pick?

Namaste.