BTC testing the 200 D EMA

1 thg 3, 2022

Setup: BTC is going to test the 200 D EMA which is confluent with the green resistance line. If we manage to break it, I will look to go long and set my TP at 50k. If we got rejected off it, I will look to go short and set my TP at 40 500. I personally think we will get rejected off it as the S and P 500 and Nasdaq are looking weak but i hope to be proven wrong though.