For now, EMA 20 as support and EMA 200 as resistance. If support and yellow trend line breaks, support around 2489 might catch BTCUSD. IF resistance breaks, however, we might accelerate to the green rectangle. From there, 2609 will be the trigger for breakout. IF this happens, I will analyze alts, which will follow BTCUSD, and provide entries on Twitter. Also, note how the ADX just fell below 20, indicating a weak trend. Do you see the flag when zooming out on BTCUSD? Are we at the end of the flag and will we accelerate further with the length of the pole of the flag? We will see.
We need to observe closely on what is going on. Stay tuned.
We need to observe closely on what is going on. Stay tuned.
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Finally it went through EMA 200 AND it triggered. Looks bullish and strong.