BTC bull run losing momentum here just below the 10k psychological barrier. Important to watch reactions to the 150 EMA and the cyan trendline from mid-April being tested right now. Targets if trendline and EMA break down is 7900, 7800, 7600.
Comment:
EMA and trendline holding on that test. Lets see how strong the bounce is.
Trade active:
Trandline and EMA break. First target 7900
Trade active:
Retest of EMA as Resistance, check. Only a matter of time before we see a test of 8500 area.
Trade active:
We just saw a break up out of a falling wedge pattern which produced a nice spike up. Key area of resistance to watch at 9300.
Trade closed: stop reached