BTC Continues Sideways! What's Next?
On the 4h chart for BTC, you can see we broke above the 50 EMA, but are still below the 100 and 200 EMA at 16.9k and 17.1k respectively.
Our Wave Fusion indicator still hasn't flashed a buy but we are close to support at 16.7k so I remain cautiously bullish until we break that. If we go below 16.7k, I'm afraid we're heading to 16.3k, where I'll still be DCAing next. Although if y we break above the moving averages, I'll be looking for a short at 17.3k which is heavy resistance.
If you enjoyed my TA or have any questions about my indicators, please send a boost my way, leave a comment below, or send me a PM :)
Our Wave Fusion indicator still hasn't flashed a buy but we are close to support at 16.7k so I remain cautiously bullish until we break that. If we go below 16.7k, I'm afraid we're heading to 16.3k, where I'll still be DCAing next. Although if y we break above the moving averages, I'll be looking for a short at 17.3k which is heavy resistance.
If you enjoyed my TA or have any questions about my indicators, please send a boost my way, leave a comment below, or send me a PM :)
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