Zooming out for the big picture on BTC and it looks to me like $10800 is a really key level. Bullish above, mildly bearish if it fails to break and hold. Then the support trend line comes into play.
Also worth noting the 100 MA has acted s a nice support/resistance historically as well.
Also worth noting the 100 MA has acted s a nice support/resistance historically as well.
Trade closed manually:
I think we're going to get rejected from here, didn't take long after a touch of the $10800 level for it to be sold into.
Wanted to run a spread position but never worth taking the chance on those so profit taken.
Sitting on the sidelines and waiting for either a move down to support or some bullish signals.
Wanted to run a spread position but never worth taking the chance on those so profit taken.
Sitting on the sidelines and waiting for either a move down to support or some bullish signals.
I was out here way too soon (should have stayed away from 15 min charts).
Resistance was in around the 50 day MA, support from here might well come paired with the 100 day MA. I'll be watching that area closely.