Bitcoin just made a new overnight low, and the night trade changed while most traders were asleep. 📉
The CoinGecko candle chart checked at 02:00 PKT on 3 November shows a 24 hour range of 76,611 to 78,728 dollars, with a last close near 76,924 dollars. The recent closes are almost flat at the low, 76,920, then 76,941, then 76,960, then 76,924, which is not a bounce, it is price resting on the floor after breaking below the old night low near 77,086. 📊 My reading is that a flat rest at a fresh low is weaker than a sharp drop, because buyers had the whole night to lift it and did not, so the next real move is likely a break of 76,611 unless Bitcoin reclaims 77,831, the 100 day average that now sits overhead.
Does Bitcoin break 76,611 first, or reclaim 77,831 first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinNight
The CoinGecko candle chart checked at 02:00 PKT on 3 November shows a 24 hour range of 76,611 to 78,728 dollars, with a last close near 76,924 dollars. The recent closes are almost flat at the low, 76,920, then 76,941, then 76,960, then 76,924, which is not a bounce, it is price resting on the floor after breaking below the old night low near 77,086. 📊 My reading is that a flat rest at a fresh low is weaker than a sharp drop, because buyers had the whole night to lift it and did not, so the next real move is likely a break of 76,611 unless Bitcoin reclaims 77,831, the 100 day average that now sits overhead.
Does Bitcoin break 76,611 first, or reclaim 77,831 first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinNight
