Description
⋅ We see a breakdown 27-Nov. of the MA200 support.
As expected, the next support level marked blue on the chart was tested with the low set around $16,000.
We see a price bounce and the bullish bias short-term remains intact.
XBT is aiming again at $16,333 where EMA50 and MA200 are now sitting.
The bulls should be able to takeout this level easily and then continue up.
Mid-week, Wednesday/Thursday the bullish move should start to pick up speed.
Normally we get bearish the first half and bullish the second half of the week.
CHANGE
On a drop, the support levels are marked blue on the chart.
Namaste.