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BTC/USD new levels to watch
As we've cleared and closed with good volume above resistance at $27,450.
So now its important to identify our next levels of interest.
BTC must hold $25,500 as support, this is key in many ways.
1) To keep up the stair-step concept and keep up the momentum.
2) Re-validate $25.500 as a long term key level for BTC
3)To push whales and institutions to buy higher
4) we want BTC to respect EMA8 support as that means lots of steam. EMA8 is above $25.500
As of now, I will follow my trade using a manual trail stop order.
So now its important to identify our next levels of interest.
BTC must hold $25,500 as support, this is key in many ways.
1) To keep up the stair-step concept and keep up the momentum.
2) Re-validate $25.500 as a long term key level for BTC
3)To push whales and institutions to buy higher
4) we want BTC to respect EMA8 support as that means lots of steam. EMA8 is above $25.500
As of now, I will follow my trade using a manual trail stop order.
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