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Bullish Signs for Bitcoin but can it manage to close above 9200?

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Although forming a small green harami candle on the daily with little volume, there are bullish signs for Bitcoin on the hourly.
-8EMA, 13 EMA, & 21 EMA are crossing over which tends to be a strong signal when supported by other factors
-Volume is picking up
-Price action managed to break above 9200 resistance
-Altcoin market performing well today

If we see price action break back above 9200 & close here, I will speculate that this resistance point will be turned into support & look to take a long position. I will be monitoring for decent volume. I will looking to enter close to 9200 with 9350 as profit taking area & 9050 as stop loss. Key risks include that on the larger time frames, the time frame is quite low so after getting into a position market could trade sideways for several hours & then retrace down. Another risk is that 9200 doesn't turn into support & price action easily comes back down below it.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.