VIP MARKET UPDATE: $BTC
It hunted stops below $27000 but couldn't able to breakdown it with a candle close. The rising wedge and head and shoulder pattern are in action.
EMA 21 and 55 are acting as resistance. A breakdown retest of the neckline of the head and shoulder pattern will confirm a move toward the support of $25000 where EMA 200 is acting as support.
Volume is very low in the market, $27000 is a key level to watch in the short term and we might see a volatile move within a couple of days.
- CRYPTO Signals
@BitmexSignalsFee
