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Sunday, December 4, 2022

BTC pump till where?

BTC pump till where?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hello Birdies,

When we plot weekly SMA and EMA we see that BTC lose the war at 300 SMA and 400 EMA and now going to retest as resistance.

On the other hand, BTC also lost war at 2017 ATH. The candle which broke it has low at 17,575 which also aligned with and providing confluence to 300 SMA and 400 EMA retest.

As I always say trade Price Action and for now I don't see any sign of it going to 19k or 24k as people are chanting.

One more fact, to give support to my claim is we are in December people will be cashing out investments for Christmas.

Via TradingView Ideas

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