if BTC is moving up - it has to prove it by moving past 6590
As there is a head and shoulders down to 49xx in this area and also a 9 on the 23 hour candle.
The 9 on the 23 could indicate a 1 to 4 candle pullback - as these are 23 hour candles that's up to 4 days of downwards action !
If BTC is moving much lower it will first have to move lower than the support at the 6400 area .
But
BTC can also move up to the 69xx area - And if BTC is indeed moving higher it should first move past the resistance at 6590
The 9 on the 23 could indicate a 1 to 4 candle pullback - as these are 23 hour candles that's up to 4 days of downwards action !
If BTC is moving much lower it will first have to move lower than the support at the 6400 area .
But
BTC can also move up to the 69xx area - And if BTC is indeed moving higher it should first move past the resistance at 6590
Kommentera:
BTC - Stop loss BTC at 6290 - BTC has no business below 6300 today
Kommentera:
Exit if moves lower than 6300 as its a long fall
IF BTC moves past 6640 then will move to 6965