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MrKrabsTrading

Bitcoin Daily Approaching Resistance

Long
Bitcoin (BITMEX:XBTUSD.P)  
MrKrabsTrading Updated   
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) Cryptocurrency
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trendanalysis chartpattern indicator bitcoin cryptocurrency
Bitcoin is currently fighting to get above the highest volume profile resistance cluster and the 21EMA. If we close above the Daily 21EMA I would be looking for a long trade. With the weekly chart currently being bearish (see chart below) I would only be looking for a target to the top of the channel. The top of the channel is in confluence with the 200EMA and will also be near the top Bollinger Band.

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Order cancelled:
We rejected from the 21EMA and did not close above so no trade was made

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