XBT Short-Term 1H | 29-Nov.

We see a breakdown 27-Nov. of the MA200 support.

As expected, the next support level marked blue on the chart was tested with the low set around $16,000.

We see a price bounce and the bullish bias short-term remains intact.

XBT is aiming again at $16,333 where EMA50 and MA200 are now sitting.

The bulls should be able to takeout this level easily and then continue up.

Mid-week, Wednesday/Thursday the bullish move should start to pick up speed.

Normally we get bearish the first half and bullish the second half of the week.

CHANGE
On a drop, the support levels are marked blue on the chart.

Namaste.

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"The bulls should be able to takeout this level easily and then continue up."

Bình luận:

Resistance levels in the form EMA300 and MA200 now turn support.

These levels can be tested before prices move higher.

Here is the chart:

New update coming later on today or tomorrow.

Thanks a lot for your continued support.