BTCUSD has reached overbought levels in similar fashion with a confirmation closing below the upper bollinger band to signify the notion of a possible reversal with a possible break of the 200 EMA. There is a little pocket notated by the short position where a quick trade could be made but to be aware of key levels drawn by the blue lines. These levels were drawn off the daily and have touched and been respected at least 2-3 times.
Not going against the overall trend here which is still on the downside.
Not going against the overall trend here which is still on the downside.
Trade active
Trade closed: target reached:
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