I've been investing BTCUSD for years. Just recently i've increased my skills in tech analysys and this is a quick review of BTCUSD using that skill.
In days a I see BTC following that up trend line. I catches my attention the fact that I've seeing higher highs but my big concern is how close we are to that 1 Day EMA 200 level. From the fundamental there is a lot of noise and hopes but im concerned that i've seen that 1 D EMA 200 going down and down. It may been buyers may want to buy at a lower level, i understand that. However this may be a retest of that EMA 200 in days that price broke last November. Im not sure even if the price has enough gasoline to make it to that -OB near 107K.
So, with that said, im looking to see what happens in the next Day candles and watch if price is able to make it to my previous high near 97K and the EMA 200 level at 99K. Seems like a good target could be 100K but i dont know if it's going to be able to make it there.
I personally plan to take 90% of my profit at 1D EMA 200.
✅ Trade here on $BTC
