In the first half of last week, price got stuck below ~97k resistance, before breaking higher on Thursday and Friday.
However, price broke back below and is currently stuck below the same resistance.
I'm looking at the 98.2 npoc for a potential short and tp for longs, but I'm not seeing a long trigger yet.
Price broke down further and is now bouncing on D1 EMA 100, then rejecting again on previous day low.
All put together we can see last weeks Thu-Fri price action as a deviation powered by MSTR buying, without whom price continues to drift lower.
A quick flush to 85k would be good for price to establish new value and find potential new buying interest, I will be a buyer there.
However, price broke back below and is currently stuck below the same resistance.
I'm looking at the 98.2 npoc for a potential short and tp for longs, but I'm not seeing a long trigger yet.
Price broke down further and is now bouncing on D1 EMA 100, then rejecting again on previous day low.
All put together we can see last weeks Thu-Fri price action as a deviation powered by MSTR buying, without whom price continues to drift lower.
A quick flush to 85k would be good for price to establish new value and find potential new buying interest, I will be a buyer there.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.