Hi Traders,
Update on BTC. We're currently resting just above the 200MA on the 4hr. We will need to see this rejected with increasing buy volume pushing price above the 50 MA and 100MA for confirmation of the bullish continuation. If we fail to reject the 200MA and end up falling a and closing below then we expect price to test the next zone beneath and if the first zone fails then the next zone is the next support zone.
Thanks
The Market Sniper Team
Update on BTC. We're currently resting just above the 200MA on the 4hr. We will need to see this rejected with increasing buy volume pushing price above the 50 MA and 100MA for confirmation of the bullish continuation. If we fail to reject the 200MA and end up falling a and closing below then we expect price to test the next zone beneath and if the first zone fails then the next zone is the next support zone.
Thanks
The Market Sniper Team
