BTC has rejected strongly from the top of the cloud resistance after numerous attempts of closing above. This resulted in a drop to nearly the bottom of the cloud, which needs to hold or else we could see a retest of the lows on a break. Holding this support line is key for a possible run back up to the top, which could, in turn, cause a Senkou Span Cross indicating bullishness.
Keep an eye over the next few hours for the direction of the market.
Thanks guys!
Keep an eye over the next few hours for the direction of the market.
Thanks guys!