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Ben Walther
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4 Minutes That Tell You Why We Are NOT In A Bull Market!
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And the EMA story continues! $BTC pumped nicely but got rejected at the EMA200 once again. So far, this is the fourth day with an EMA200 rejection in a row. However, 5 hours left. I hope Bitcoin will gain some momentum and finally break that resistance.
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Tellor — Bullish MACD Crossover 4H Chart 🚀 It seems like many coins are picking up some bullish momentum. We saw many bullish signals on the 1H chart in the first phase. Moreover, with the latest 4H candle close, many coins have also flashed bullish signs on the 4H chart. $TRB is a good example: The coin printed a bullish MACD crossover. Although the probability of gains >5% is relatively low, the signal backtests showed strong results for gains between 2% and 5%. However, since Tellor printed some red candles on the 4H chart, it might be a good idea to wait for a reversal candle before jumping into it.
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If the German government continues to sell its $BTC at this pace, it should be done by the weekend. Let's stay strong this week and start pumping with less sell pressure + fueled by the $ETH ETF approval next week. Sounds like a game plan, right?
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Altcoins are so ready to pump. It just needs a tiny spark. #ETHETFS
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EMA200 — An Insurmountable Hurdle For Bitcoin? 🚨 For the third day in a row, Bitcoin was rejected strictly at the EMA200 daily chart. Driven by Germany's continuing BTC sell, bears stepped in again today when Bitcoin tried to pump through this essential level. As mentioned in today's live session and other posts, it will be crucial for BTC to cross the EMA200 line to remain on the short-term uptrend. Conversely, every rejection increases the likelihood of a retest of the lower bull flag boundary. Subsequently, every retest bears the risk that the support level won't hold and BTC breaks through this crucial level. As discussed, a close below the lower bull flag boundary would inevitably bring 42k to the table. However, we are not there yet! Nevertheless, the EMA200 and the lower bull flag boundary are the two levels to monitor closely at the moment. $BTC #analysis #Bitcoin❗
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