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 ]