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