Perfect Doji forming exactly on the 100 Day Moving Average line.
Yesterday I talked about
BTCUSD
trend of bouncing off of the 100 DMA. Today we see a perfect Doji is forming EXACTLY on the 100 DMA, which is a very strong reversal indicator.
BTCUSD
trend of bouncing off of the 100 DMA. Today we see a perfect Doji is forming EXACTLY on the 100 DMA, which is a very strong reversal indicator.
Comment:
As you can see today, the rebound has begun. There's a possibility it might not hold in which case it could test the 200 DMA. Otherwise, expect it to recover to the 50 DMA. When that happens, watch as it tests it's old ATH and looks for new resistances.
