Hey guys, BTC bulls proved some strength over the weekend with a strong Daily doji, also still respecting the falling wedge trend line.
While we're still far away from the Daily EMAs (we keep rejecting from EMA 12 since the correction at $10k), on the 4H they're right now acting as support, after BTC broke the inverted H&S with a nice hammer to the upside. The bulls are looking for follow through now after some consolidation in this area. Hourly higher lows are established at 6068, we shouldn't go lower in order to keep the momentum.
I wish you a great week! ;) No matter what you do, set a stop loss.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
While we're still far away from the Daily EMAs (we keep rejecting from EMA 12 since the correction at $10k), on the 4H they're right now acting as support, after BTC broke the inverted H&S with a nice hammer to the upside. The bulls are looking for follow through now after some consolidation in this area. Hourly higher lows are established at 6068, we shouldn't go lower in order to keep the momentum.
I wish you a great week! ;) No matter what you do, set a stop loss.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.