Pesky 200MA on Bitcoin
Bitcoin broke through the monthly open with higher than average volume and head straight to the 200MA
We so far had a strong reaction from there and it isn't printing the best candle on the 6H chart
Next strong support would be the weekly level around $10,192
OBV has also ran into the downtrend trendline resistance
We would need a close above this MA to confirm an uptrend and change our "spike are for shorting" bias
We so far had a strong reaction from there and it isn't printing the best candle on the 6H chart
Next strong support would be the weekly level around $10,192
OBV has also ran into the downtrend trendline resistance
We would need a close above this MA to confirm an uptrend and change our "spike are for shorting" bias
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