Yesterday I talked about
BTC's trend of bouncing off of the 100 DMA. Today we see a perfect Doji is forming EXACTLY on the 100 DMA, which is a very strong reversal indicator.
Note
As you can see today, the rebound has begun. There's a possibility it might not hold in which case it could test the 200 DMA. Otherwise, expect it to recover to the 50 DMA. When that happens, watch as it tests it's old ATH and looks for new resistances.Related publications
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Related publications
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.