Bitcoin (BTCUSD) took a two days break and is starting to bounce.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).
To the upside, the next target is sitting at $8168 followed by $8225 (short-term).
Depending on how these levels are handled, we focus on what happens next... What's your take?
Namaste.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).
To the upside, the next target is sitting at $8168 followed by $8225 (short-term).
Depending on how these levels are handled, we focus on what happens next... What's your take?
Namaste.
Comment:
Steem Says Bullish All Across | Over 100%+ Short-Term
Can Grow 50%+ | Ripple Gains Momentum vs Bitcoin
Bread Goes Straight Up | Next Target 30%+
Aeternity New ATL Hit | Trade Inside/Active (2,000%+ PProfits)
Can Grow 50%+ | Ripple Gains Momentum vs Bitcoin
Bread Goes Straight Up | Next Target 30%+
Aeternity New ATL Hit | Trade Inside/Active (2,000%+ PProfits)
Comment:
Chiliz Grows Over 100% On Low Volume | Targets
Contentos Breaks Above EMA10 | Can Do 30%+ Easy
Contentos Breaks Above EMA10 | Can Do 30%+ Easy
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