BTC sell off after spike SUPPORTING 6,250 level
Bitcoin could not hold up the gains from yesterdays spike, and came crashing back down to previous support levels.
We could see a rebound off these levels of support back to the 6,450-6,500 price range but I believe we will be seeing more consolidation over the next few hours with a return overnight into the 6,500 price level.
Intraday, I am following candlestick patterns closely and looking for resistance around the 55/125 EMA within the next 8 hours.
My short/long indicator helps a lot for overall trend, check it out, I barely see anyone use it.
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
Bitcoin current price 6,276
COMPLETED 3:17pm (UTC-7) LOS ANGELES
We could see a rebound off these levels of support back to the 6,450-6,500 price range but I believe we will be seeing more consolidation over the next few hours with a return overnight into the 6,500 price level.
Intraday, I am following candlestick patterns closely and looking for resistance around the 55/125 EMA within the next 8 hours.
My short/long indicator helps a lot for overall trend, check it out, I barely see anyone use it.
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
Bitcoin current price 6,276
COMPLETED 3:17pm (UTC-7) LOS ANGELES
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