picture source

Bitcoin Technical analysis

Hello everyone welcome back to another quick update on Bitcoin

First of all, let's start with a very short term for Bitcoin and then move towards the longer term charts because in the very short term, we can be seeing yesterday we created the CME Gap and right now we have just filled our CME Gap perfectly so that is one less thing to worry about now of course in the longer term if we just zoom out we have way more CME gaps left we have one right here at about 20K left we had to see me Gap at about a 20K

We filled this one and we also have the CME Gap a buffer is still left at about 34 or 35k level so while this CME Gap in a very short term has been filled so that is looking very nice okay and looking in the longer term well we are still looking quite bullish

we are getting this embarrassed cross form of this weekly macd indicator but I'm going to be telling you exactly why this signal will not be very very important for the bit comprised yes we do want to be having a look towards it but guys make the indicator is lagging okay so that is something to keep in mind and which is very very important now yes, of course, we do want to be having a look towards it but I do not believe we are going to be hitting these low numbers lower than the 20K levels I'll just do not see it happening right there for Bitcoin

we still have our Golden pocket Fibonacci support level right there below us so definitely if we are going to be retesting this one once again I will be on the lookout for some kind of a balance okay but for me, it is just too risky to trade the Bitcoin price right now because yes indeed I do want to be keeping this signal right there into account and if we do have a look into what some price targets well we can be having a look in towards the 25k level as our next weekly support level and it will be reasonable to be hitting these targets of about the 25k level okay so definitely keep that in mind I'm not still longing the market because it is just too risky right here from of these current levels but indeed for the longer term it is still looking quite good one thing

I am having a look into words in this bullflex scenario well if we are going to be breaking out this bull flag towards the upside well then of course I might be hitting the market with some long positions

Hope you enjoy I'll see you in another update tomorrow
please
Don't forget to upvote, resteem, and comment...