Bitcoin - Daily - Wait for a break
Updated
Quick idea.
After popping above the downside resistance line, the crypto got held near the 9150 barrier, from which it retraced lower. that said, Bitcoin managed to stay above its 200-day EMA and is now knocking on the door of 9150 area gain. In order to target higher levels, we need a daily close above that area first.
Please see the chart for details.
Don't forget your stop-loss.
After popping above the downside resistance line, the crypto got held near the 9150 barrier, from which it retraced lower. that said, Bitcoin managed to stay above its 200-day EMA and is now knocking on the door of 9150 area gain. In order to target higher levels, we need a daily close above that area first.
Please see the chart for details.
Don't forget your stop-loss.
Note
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on JFD Bank YouTube and Facebook pages.Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.