We have a recent bullish move... What happens next?
Above the blue and grey lines the bullish move can continue. Immediate resistance is also found at the black line or MA200 ($16,483).
Looking at these three levels, XBT needs to move above the $16,500/$16,850 price range to knock out the bears.
Any trading below the blue line (~$16,615) can keep the bears alive and the drop resume. If this level are conquered, then the balls passes towards the bulls.
More details on the chart. Still red...
Namaste.
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Early bullish signals are starting to develop... See the trade ideas below, specially Litecoin.
The idea was not too informative. In general, many of the arguments I have already noted for myself, but supported my vision) Thanks for your publication, my friend!