Bitcoin Bullish Pennant, Buyer looking more forward ahead for BITMEX:XBTUSD.P by yoCryptoManic

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XBTUSD Technical Overview:

Day Trading Range: $6630 - $6945

Pivot: $6712

Key Resistance: $6757 - $6832 - $6885 - $6945

Key Support: $6664 - $6630 - $6582 - $6532

Technical Indicator:

Moving Average: SMA 20($6695) resistance & SMA 50($6508) strong support for Bitcoin today.

RSI: The indicator shows upside divergence & moving above level 50.

Technical Trade Idea:

Most Likely Scenario Long position above $6580 with target $6745 - $6810 in extension.

Alternative Scenario Short position below $6580 with target $6500 - $6450 in extension.

According to above Chart Technical says:

Long $6620 - $6650
Stop Loss $6572
Target $6745 - $6810 - $6885 - $6945

Thanks
YoCryptoManic

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