The parabolic bull run ceased a little over two weeks ago when we decisively dropped below the 21 EMA... but this week we are making the second attempt to push back above what has since become strong resistance, especially as it lies just above the $10,000 psychological level.
Expect us to move between the 21 and 55 EMA (in the $9150-$10150 range) for the next few weeks, before BTCUSD finally chooses if we are breaking up or down.
Here is the link for my free EMA/SMA indicator, offering key areas of potential strong support & resistance .
Also save crucial space on your Trading View chart by utilising my free RSI and StochRSI indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Expect us to move between the 21 and 55 EMA (in the $9150-$10150 range) for the next few weeks, before BTCUSD finally chooses if we are breaking up or down.
Here is the link for my free EMA/SMA indicator, offering key areas of potential strong support & resistance .
Also save crucial space on your Trading View chart by utilising my free RSI and StochRSI indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
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