NOTE: The line in the sand continues to be $6450 BTC. We broke it 2 days ago but recovered with a solid up day yesterday (could not “follow through” with lower prices).
Now we have a chance for a BULLISH follow through which would high prob lead to a test of key $7250 level, but if we close below $6450 the edge returns to the bears as they get the ball back for another chance to follow through and test the 2018 lows.
CURRENT MARKET CONDITIONS
Charts below show the current set up for both BTC and altcoins (ETH chart good representation).
2 CHARTS — TUG OF WAR
ST NO TRADING EDGE
IT SLIGHT EDGE TO BULLS (would only use SCALING trades as prices can go much lower
LT EDGE TO BULLS
NOTE: BTC chart (not shown) same set up as XBT daily chart shown here.
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