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April 21st, BTC Bitcoin candlestick technical trend
Today I only use EMA moving averages, please see the chart below
EMA 7-day line = 80,600
EMA 10-day line = 83,600
EMA 21-day line = 82,000
Clearly, EMA 7, 10, and 21 lines are intertwined around the 80k-82,000 price level
This is a clear resistance level.
The rebound is just bouncing, bouncing until it hits the resistance level before ending
Bitcoin BTC has always been a perfect candlestick
A perfect trend is dropping to 60k by half
Then rebounding to the 80,000 resistance level
Isn’t it easy to remember? 120k drops to 60,000, then V-shape rebounds to 80,000
This is the hidden script.
Does technical analysis work? It definitely has some use,
Candlestick trends are used to assist in judging entry points.
60,000 * 1.35 = 81,000
The lowest point of 60,000 rises 35% to 81,000
A 35% increase means tripling the short position, all dead
This is the real purpose of the dog whales in the crypto circle — to use the April mini bull market to trigger a wave of shorting.
So, the trading advice for April is
Don’t short, buy on dips at low points, and look for bullish movement to 80,000.