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AlanSantana
Nov 27, 2022 12:20 AM

XBT Short-Term 1H | 26-Nov. 

Bitcoin / US Dollar IndexBitMEX

Description

The chart technically stays the same.

While XBT has gone below EMA10, 21, 50 and 100, it remains trading above MA200, the main support.

If MA200 at $16,410 fails, then $16325 will come into play...
Anything lower and Bitcoin can easily test the blue support level on the chart, high 15Ks.

But we continue to see consolidation nothing more.

If I had to guess... I won't.
Let's wait and see how it goes.

Namaste.

Comment

It will recover.
Comments
SwallowPremium
Nice potential trade, keep posting!!
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