Welcome back to another BTC TA. As you can see from the daily chart, every time BTC pulls back from a previous high, the 20 EMA line provides strong resistance. I believe we'll see a pullback from the 20 EMA line before reaching the previous resistance price (purple line). If that is the case, it's likely we'll smash down through the previous low of around 5800 to find support either at the long-term trend line (white line) or the bottom of the descending wedge (dotted green line).
This analysis is for educational purposes only.
Good luck.
This analysis is for educational purposes only.
Good luck.
Kommentera:
This aged very well actually.
