📈 Bitcoin today has bounced off the 200 EMA on the 4-hour chart, for the third time in its most recent channel.
🏗️ We laid out the relative Fibonacci Levels, for if Bitcoin continues its trend of bouncing off the 200 EMA.
🏗️ Currently BTC is right at the 50 EMA for the 1-Day Chart. This is an important level, so for BTC to close a 4-hour candle above it, will strengthen the bounce upward.
🏗️ We laid out the relative Fibonacci Levels, for if Bitcoin continues its trend of bouncing off the 200 EMA.
🏗️ Currently BTC is right at the 50 EMA for the 1-Day Chart. This is an important level, so for BTC to close a 4-hour candle above it, will strengthen the bounce upward.
Comment:
The 50 EMA on the 1-Day Chart is currently at, $23,471
Comment:
📈✅ BTC just closed a 4-hour candle over the current 50 EMA on the 1-Day Chart ($23,420). This is a Bullish Sign.
🏛️🗞️ WE HAVE ECONOMIC NEWS starting 8:30am EST, jobless claims. This could have a temporary negative effect , and then bounce if slightly bad. If it is well worse than expected, then all markets will be hit hard, and need to be re-assessed next week.
🏛️🗞️ WE HAVE ECONOMIC NEWS starting 8:30am EST, jobless claims. This could have a temporary negative effect , and then bounce if slightly bad. If it is well worse than expected, then all markets will be hit hard, and need to be re-assessed next week.