[BTC/USD] Bitcoin 24h-outlook

By VanSteenMarketResearch

Updated

Yesterday's spike up didn't really continue, price struggling around 7500 level. On the lower timeframe you see price clearly rejecting and momentum slowing down:

snapshot

Also, on the higher timeframe there is a support channel line matching up.

snapshot

I'll keep the chart updated

Note

snapshot

Another confirmation price is not pushing higher for now

Note

Dropping now, close to it's destination

Trade closed: target reached

snapshot

Completed the setup

VanSteenMarketResearch

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