BTCUSD Trend Reversal Update.
BTCUSD giving us a bit more confirmation of a Trend Change with a Lower High after falling out of 6 Month pink channel. Although not set in stone just yet, we are likely to range sideways until our 60K resistance breaks or 45k support. But 45k support is crucial as you can see in our weekly chart below.
1 Weekly. We are testing 21 weekly EMA for the first time since OCT of 2020. If broken, we might be setting ourselves up for a Lower Low which is the missing link for a downtrend.
1 Weekly. We are testing 21 weekly EMA for the first time since OCT of 2020. If broken, we might be setting ourselves up for a Lower Low which is the missing link for a downtrend.
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