Bitcoin on monthly, daily, weekly
Bitcoin on monthly time frame again find some support on 15ema red line in orange square.on monthly time frame last three months November, December and January barely overcome one big green month of October. And what more interesting that previous month low was placed in 4 of December at 41960- blue dotted line on daily. And since that day up to today 45 days passed and bitcoin price basically same and no decline at all from previous monthly low , price now 42400 and it’s higher than previous monthly low. And this month have only 11days left.( i will do separate chart how prices looked on red monthly on 19 of the red month in history)
On daily time frame red line in orange square is 15ema from monthly. Yesterday was another retest and today opened with gapping up- some buyers- gray arrow . On daily resistance is 15ema . Prices now trapped by resistance 15ema on daily on top and support 15ema from monthly. Break above 15ema on daily will target green lines levels above next. Let’s see what will be more stronger resistance 15ema on daily or support 15ema on monthly.
On weekly time frame bitcoin in the green support scd band. Price plays on weekly between green support scd band and top bolinger on weekly, once price get rejected upwards again it will target top bolinger on weekly again.
Let’s see what next.
