$BTC.X Technical bounce at the 35EMA on the Daily
$BTC.X Technical bounce at the 35EMA on the Daily
So this week we did see a technical bounce on the 35EMA on the daily timeframe. We bounced and have since then traded back down to that level which is currently 62446.
So that is the level to watch for as current support. If it drops below then I would be looking to the Daily 35EMA as resistance in the near future… And a possible retest of the 200DMA.
For the moment, the candles are still blue and the uptrend is intact….
So this week we did see a technical bounce on the 35EMA on the daily timeframe. We bounced and have since then traded back down to that level which is currently 62446.
So that is the level to watch for as current support. If it drops below then I would be looking to the Daily 35EMA as resistance in the near future… And a possible retest of the 200DMA.
For the moment, the candles are still blue and the uptrend is intact….
YouTube Channel www.youtube.com/@spyderqueentrading (Almost DAILY updates, come play)
I am not your financial advisor.
I am not your financial advisor.