Bitcoin broke through the monthly open with higher than average volume and head straight to the 200MA
We so far had a strong reaction from there and it isn't printing the best candle on the 6H chart
Next strong support would be the weekly level around $10,192
OBV has also ran into the downtrend trendline resistance
We would need a close above this MA to confirm an uptrend and change our "spike are for shorting" bias
We so far had a strong reaction from there and it isn't printing the best candle on the 6H chart
Next strong support would be the weekly level around $10,192
OBV has also ran into the downtrend trendline resistance
We would need a close above this MA to confirm an uptrend and change our "spike are for shorting" bias
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.