8H bullish close above 50 ema and 54980
The 8H candle that closed at 8 pm EST eked above both the established important level of 54980 and the 50 ema. Immediately after closing the candle, BTC shot up $500 and at this moment is maintaining this level. Leaning neutral to slightly positive here, as the 8H 50 sma is still sitting as resistance at 56542. I would be more constructive on an 8H close above this level.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.