#bitcoin update- #BTC bulls finally making an effort to stay in battle vs the bears.
Bulls making an effort to stay in the game around: 6-8PM
Btc managed to close above the 50fib level at 8207, however it failed to break above the 50DMA resistance level at 8346.
Two 1D candles closing below 50DMA is not a bullish sign.
However break below the 50fib support-8207 is invalidated now as Today's close was at 8238.
Indecision time now, so we can see low trading volumes & sideways movement untill we get another breakout/breakdown confirmation signal.
You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/BTCUSD/H9bMjInq-bitcoin-update-bulls-making-an-effort-to-stay-in-the-game/
As well as on my twitter profile:
https://twitter.com/rajista007
If you found something useful here, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.
https://twitter.com/rajista007
https://www.tradingview.com/u/rajista/
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LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f88