Bitcoin just slipped below its 100 day average, and that line is now overhead resistance, not support. 📚
Invezz flagged on 2 November that Bitcoin's 100 day exponential average sits near 77,831 dollars, with the 50 day average higher near 80,307 dollars, and the late CoinGecko close near 77,094 dollars sits below both. 💡 My late night checklist for this setup is short. First, treat 77,831 as the reclaim level, because a close back above it repairs the damage. Second, do not chase shorts into the low without a stop, because event nights gap. Third, wait for the Tuesday proof before adding size in either direction.
Does Bitcoin reclaim 77,831 before the proof, or does the average cap every bounce? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
Invezz flagged on 2 November that Bitcoin's 100 day exponential average sits near 77,831 dollars, with the 50 day average higher near 80,307 dollars, and the late CoinGecko close near 77,094 dollars sits below both. 💡 My late night checklist for this setup is short. First, treat 77,831 as the reclaim level, because a close back above it repairs the damage. Second, do not chase shorts into the low without a stop, because event nights gap. Third, wait for the Tuesday proof before adding size in either direction.
Does Bitcoin reclaim 77,831 before the proof, or does the average cap every bounce? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
