mycotoxin

BTC - Can move lower to touch the bottom Bollinger Band at 8520

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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BTC - Can move lower to touch the bottom Bollinger Band at 8520 - This is cancelled with a move above 9340
Comment: closing back above 9100 also puts BTC back in the upward moving channel
Comment: however there is a large sell order at 9100 which may give BTC some challenges
Comment: note also that BTC is currently still making higher lows which is still bullish and if BTC remains above 8520 its still bullish

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Thank you.
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Thanks for constant updates
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Thank you for your expert analysis and commentary. Hope you get some down time today and tomorrow to enjoy some great Napa wines. Stay safe
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mycotoxin Miamicane1
@Miamicane1, thanks and you to - The weather is going to be excellent tomorrow - nice and warm
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Your friend Bart seems to have gone for lunch.. and he took his buy wall with him.. dang.. Didnt know people were this scared about buying.. or selling.. so buy a little and sell a little..
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cant we drop way lower since were about to fall out of the channel
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mycotoxin revorevo
@revorevo, if BTC falls below the 8520 level then thats an issue as it becomes a double top with drop to the 6800 area - but BTC is currently still making higher lows which is still bullish - so as long as BTC remains above the 8520 area its still bullish
+1 Reply
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