Quick TA - $BTC bottoms at $55.9K & expect quick move up to $59K
Just a quick post of my 1 hourly $BTC/$USD chart I've been following.
It looked like $BTC would bottom out again at ~$55.9K, the bottom of the ascending channel it's in and the bottom of the EMA 'snake' , before the next rally takes it up to $58-$60K
-I've just covered my shorts from $57K and now going LONG although Binance never seems to have any margin coins at that exact right moment lol - but I'm set now and profits at $58K with some left on the table in case there's price discovery in the 60,000's.
Hopefully the patterns are evident on my chart that I want to get out now - happy to answer any questions below - good luck trading!
It looked like $BTC would bottom out again at ~$55.9K, the bottom of the ascending channel it's in and the bottom of the EMA 'snake' , before the next rally takes it up to $58-$60K
-I've just covered my shorts from $57K and now going LONG although Binance never seems to have any margin coins at that exact right moment lol - but I'm set now and profits at $58K with some left on the table in case there's price discovery in the 60,000's.
Hopefully the patterns are evident on my chart that I want to get out now - happy to answer any questions below - good luck trading!