BTCUSD - Daily Close to Watch
Bitcoin had a large move to the upside with convincing volume in the morning. However, it was also a move that was part of Elon Musk twitter and the Reddit news, etc.
We were looking at a bear local trend and a potential downside supports before the overnight move up.
If the Daily candle closes under the 21 EMA and well within the descending channel, I think there will be more room for downside, potentially testing
25K and the other supports highlighted in yesterday's post.
Happy Friday, Happy Trading.
We were looking at a bear local trend and a potential downside supports before the overnight move up.
If the Daily candle closes under the 21 EMA and well within the descending channel, I think there will be more room for downside, potentially testing
25K and the other supports highlighted in yesterday's post.Happy Friday, Happy Trading.
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