Bitcoin Daily Approaching Resistance
Updated
Bitcoin is currently fighting to get above the highest volume profile resistance cluster and the 21EMA. If we close above the Daily 21EMA I would be looking for a long trade. With the weekly chart currently being bearish (see chart below) I would only be looking for a target to the top of the channel. The top of the channel is in confluence with the 200EMA and will also be near the top Bollinger Band.
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Order cancelled
We rejected from the 21EMA and did not close above so no trade was made
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