I have done some #bitcoin analysis on the 1 hour and 1 day charts i want to share with you.
In the last days i get more and more bullish on bitcoin and crypto in general. I think the market is recovered by the last months.
But lets take a look at the charts in the short term to see whats going on.
On the 1 hour chart we are below the 100 MA and the drawn resistance line.
Also there ist the 55EMA (thin red line) about to cross above the 21 EMA (thin yellow line)
On the daily chart i have a bearish movement after a possible re-bounce from the trendline which could bring us down to previous support level around the 6K.
The good news would be that the correction is done finally and we can go up again to break threw the resistance/trend line.
What do you think?
Are you more bearish or bullish?
Have a nice day :)
I'm bullish as hell. I don't believe in short-term TA though. Long-term is another story.
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On the long term i am with you "bullish as hell". There is no doubt :)
But TA works. Not allays :D because this market is manipulated but in many cases it can be useful.
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So does weather prediction. But like weather prediction it's much better at explaining why something happened AFTER it's happened! 😅
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