Bitcoin rejected at the previous June Lows, thats a Good sign
Bitcoin was rejected last night during the last minutes of the Asian close to fall below the June Lows, this represents an excellent signal.
What makes this far greater, is that following this, over the course of the day, Bitcoin jumped from $5800 to $6100.
Bitcoin for the past few days has been flirting with this position, if Nouvive’s Indiciators are correct, we would see Bitcoin close today above $6200,
with some parts of the day Bitcoin trying to trespass past $6400, before being rejected at this level.
This would seem correct based on the RSI Stoch Crossover, as well as the current momentum seen earlier in the day during the London Open.
Moreover, according to the Buy/Sell – BID/ASK levels, there are gaps at $6176 as well as $6375. If BTC surpasses the first level, it would definitely, according to the Volatility take the second Level.
Nouvive recommends a buy between $5990 with a stop loss at $6035 and a take profit 1 at $6176 and a second take profit at $6350.
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