Our tradingview is currently unavailable so we'll do a quick update on BTC here instead of commenting on our previous post. BTC is showing great support around the $6500 levels. A very important level technically and psychologically. To hold this upward continuation it is important we don't close below $6400. If we do close we can expect an extension of the (purple) downward channel. We'll be needing a significant increase in volume to end in the green area of the downward channel.
The weekends often don't show amazing price action and volume so let's see if we can stay above the ema100 and a round the psychological resistance. If we don't close under $6400 we're bullish on BTC next week.
The weekends often don't show amazing price action and volume so let's see if we can stay above the ema100 and a round the psychological resistance. If we don't close under $6400 we're bullish on BTC next week.