Yesterday, the BTC daily didnt appeal to me as much as the ETH chart did but today is a different story. Same factors that are against ETH are against BTC:
13 EMA
50 EMA
200 EMA
McDonald's Arches are present pattern here
All in all I see this easily retracing back to the support zone highlighted. The question though is will it hold?
Note
Entry:20024.0Take Profit: 19375.0
Stop Loss: 20650.0
Risk Reward: 1/1
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.