Honestly I am really surprised how easily BTCUSD broke 20EMA and Overall Trendline on the daily Timeframe. This movement came with massive Volume which was a good sign for long
Many shorters were surprised by yesterday sudden movement which once again proves that in he market no matter how good a technical analysis is "Anything can happen" and the only way to stay alive on it is by controling your risk and keeping tight stop loss.
If price keeps grinding in the coming hours, we will continue seeing more shorters taking stop losses and be out of, making the price to continue to the UP.
Next obvious Resistance Levels are
8355 where the Big Rally started back in November and 8760 (200 EMA)
Trade the Obvious, leave the rest
Alberto MT
Many shorters were surprised by yesterday sudden movement which once again proves that in he market no matter how good a technical analysis is "Anything can happen" and the only way to stay alive on it is by controling your risk and keeping tight stop loss.
If price keeps grinding in the coming hours, we will continue seeing more shorters taking stop losses and be out of, making the price to continue to the UP.
Next obvious Resistance Levels are
8355 where the Big Rally started back in November and 8760 (200 EMA)
Trade the Obvious, leave the rest
Alberto MT