BTCUSD - Daily Close to Watch
Bitcoin had a large move to the upside with convincing volume in the morning. However, it was also a move that was part of Elon Musk twitter and the Reddit news, etc.
We were looking at a bear local trend and a potential downside supports before the overnight move up.
If the Daily candle closes under the 21 EMA and well within the descending channel, I think there will be more room for downside, potentially testing
25K and the other supports highlighted in yesterday's post.
Happy Friday, Happy Trading.
We were looking at a bear local trend and a potential downside supports before the overnight move up.
If the Daily candle closes under the 21 EMA and well within the descending channel, I think there will be more room for downside, potentially testing
25K and the other supports highlighted in yesterday's post.Happy Friday, Happy Trading.
Smart Crypto Association [ SCA ]
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.