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Jan 27, 2021 4:02 PM

BTC - 27800K is our bounce zone? 

Bitcoin / TetherUSBinance

Description

BTC has had an EMA cross down on the 4HR, being the 50 and the 200 which is a sign of trend reversal - into bearish momentum - some form of downtrend
BTC has fallen out of multiple pennant structure - sellers were winning
Positively though we have got bullish divergence forming on all time frames up to 12 hours which will be strong buy back signals
For me, 27-28K looks like the zone where will find buyers in numbers, and get a stronger bounce - indicated by the red lines
Lets see what happens...



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