BTC should revisit EMA 200 1D to go higher
Hi Crypto traders,
BTC did a good run up lately with halving FOMO and market recovery.
Now its time to see if there is still a correlation between BTC and stock market, as we have seen since the big crash.
Logically, it should go down. To much reasons :
- RSI oversold 1D TF
- Restest of the last breakout near 8k
- EMA 200 should be revisited, wich is near of the trend line breakout (7.9-8k)
- Cup & Handle forming on daily (handle in creation)
- BTC failed to print a higher high in the last days and is still doing LOWER highs
Hate to go against BTC uptrend and i dont recommend it but we should keep all of this in mind.
The only thing that could go wrong : WHALES manipulation and Halving FOMO.
BTC did a good run up lately with halving FOMO and market recovery.
Now its time to see if there is still a correlation between BTC and stock market, as we have seen since the big crash.
Logically, it should go down. To much reasons :
- RSI oversold 1D TF
- Restest of the last breakout near 8k
- EMA 200 should be revisited, wich is near of the trend line breakout (7.9-8k)
- Cup & Handle forming on daily (handle in creation)
- BTC failed to print a higher high in the last days and is still doing LOWER highs
Hate to go against BTC uptrend and i dont recommend it but we should keep all of this in mind.
The only thing that could go wrong : WHALES manipulation and Halving FOMO.