Can BTC Break Through?

27 ביוני 2021

BTC is still channel-bound on the daily chart. The channel lines up nicely with the SMA(20) and EMA(21), which are also common points of resistance in a bear market.

If it doesn't break through the channel soon, there is little hope of returning to a bull market in the near term.

29 ביוני 2021

הערה

The SMA(20), EMA(21) band is being tested repeatedly. Watch for the break-through or the rejection.

29 ביוני 2021

הערה

Also, never sleep on the BTC 4-hour chart. BTC is approaching the SMA(200) on the 4-hour chart very near the 20-day moving averages on the daily chart.

A rejection of the 4-hour SMA(200) would be a confirmation of more pain to come.

30 ביוני 2021

הערה

The price closed above the SMA band yesterday, but immediately bounced back down into the channel. Still a time to wait and see.

30 ביוני 2021

הערה

Again, the 4-hour chart tells the tale. The SMA(200) on the 4-hour chart was the key rejection area.