We have several early reversal signals on this chart. Let's take a quick look at these:
- We moved above the purple channel and quickly retraced . This retrace seems to be over according to the following signals. After retrace, comes another move up.
- We have two reversal candles. These are the Dojis, the red candles with the long wicks at the bottom (yellow circle)
- is curving up with changing .
- coming out of oversold.
- EMA10 being challenged. I would say within 24h for the next move.
If these signals breakdown and Bitcoin’ doesn't move up, you can expect a retest of $6300 or $6250 as support.
Thanks a lot for reading.
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