A příběh EMA pokračuje! $BTC napumpovalo pěkně, ale na EM | Ben Walther na Binance Square

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A příběh EMA pokračuje!
 $BTC  napumpovalo pěkně, ale na EMA200 bylo znovu zamítnuto. Zatím je to čtvrtý den s odmítnutím EMA200 v řadě.
Zbývalo však 5 hodin. Doufám, že Bitcoin nabere na síle a konečně zlomí tento odpor.

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Bearish Signals On the 4H Chart — Small Correction Incoming? Overall, the momentum is incredible at the moment, and we have seen a green market for four days in a row. However, when looking at the trade signals on the 4H chart, the number of sell signals is steadily increasing. Most of the signals are based on overbought momentum indicators. Nevertheless, it is essential to know that: 1️⃣ The price can continue to rise (even for a more extended period) although momentum indicators turned overbought. 2️⃣ We are still waiting for the official #EtheruemETF launch date — once this gets announced, the bullish momentum will definitely accelerate, regardless of overbought indicators. Summarized: Given the current bullish market, trading short signals makes no sense. However, monitoring and incorporating this development into your trade strategies is essential!

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Bitcoin Update — Why 100k Is On The Table And What Needs To Happen First! After eight days of battling the EMA200, $BTC finally won the match and closed the day above this essential technical indicator. The success on Saturday was mainly driven by the reduced market pressure, as the German state of Saxony ran out of Bitcoin. As expected, the price continued to rise after closing above the EMA200. The unbelievably sad events in the U.S. further fueled the increase. As a result, Bitcoin is now eyeing the upper boundary of the long-term bull flag. This pattern has started to form in March after Bitcoin jumped from ~40k to ~73k. From a technical analysis point of view, a break to the upside of the bull flag would inevitably bring 100k to the table. However, it is unlikely (right now) that Bitcoin will smash that barrier directly with the next attempt. Nevertheless, based on the current momentum shift, I would expect a break to the upside during the next weeks, followed by a new ATH and a march toward 100k during the 3rd quarter. #BTC☀

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Fully Equipped — 😂 🥳 😂 🥳 😂 🥳 Thank you, @Binance & @Binance Customer Support for the fantastic merch package. I prolly should do a "rate-my-outfit" post on Instagram lol. What do you think? Bullish = Like ❤️ Bearish = Comment 🗯️

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