BTC was rejected twice from the previous highs, forming a double-top. Since then, it has slowly been selling off. It's currently closed below the 14EMA and is continuing to look bearish. If it doesn't hold at these levels, we can expect it retest around 53k shown with the blue and turquoise lines. Lets also keep an eye on the RSI. Once that's broken, a strong bullish move usually follows. (Let me know your thoughts in the comments below.)
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Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.