$BTC Breakout Update
February 7th, 2022
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MARKET ANALYSIS HTF:
#BTC Weekly Heikin-Ashi candles got GREEN after a green Doji. We need a closing above the current candle to rule out bullish reversal. Daily Breakout still in play, After creating a fakeout resistance, BTC manage to cross 1h Resistance on Lower Timeframe, Now price has been showing very slow movements. Daily MACD is still bullish and is about to crossover zero line. RSI is neutral and EMAs are turned bullish. #BTC is getting 50EMA support on daily timeframe near 42100. Major Support zone is at 40700ish. Possible resistance areas starts from 43800 to R1.
Mid-Term: Bullish
Short-Term: Bullish
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February 7th, 2022
➖➖➖➖➖➖➖➖➖➖➖➖➖➖
MARKET ANALYSIS HTF:
#BTC Weekly Heikin-Ashi candles got GREEN after a green Doji. We need a closing above the current candle to rule out bullish reversal. Daily Breakout still in play, After creating a fakeout resistance, BTC manage to cross 1h Resistance on Lower Timeframe, Now price has been showing very slow movements. Daily MACD is still bullish and is about to crossover zero line. RSI is neutral and EMAs are turned bullish. #BTC is getting 50EMA support on daily timeframe near 42100. Major Support zone is at 40700ish. Possible resistance areas starts from 43800 to R1.
Mid-Term: Bullish
Short-Term: Bullish
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