XBT Short-Term 1H | 29-Nov.

29 Nov 2022

We see a breakdown 27-Nov. of the MA200 support.

As expected, the next support level marked blue on the chart was tested with the low set around $16,000.

We see a price bounce and the bullish bias short-term remains intact.

XBT is aiming again at $16,333 where EMA50 and MA200 are now sitting.

The bulls should be able to takeout this level easily and then continue up.

Mid-week, Wednesday/Thursday the bullish move should start to pick up speed.

Normally we get bearish the first half and bullish the second half of the week.

CHANGE
On a drop, the support levels are marked blue on the chart.

Namaste.

30 Nov 2022

Nota

"The bulls should be able to takeout this level easily and then continue up."

30 Nov 2022

Nota

Resistance levels in the form EMA300 and MA200 now turn support.

These levels can be tested before prices move higher.

Here is the chart:

New update coming later on today or tomorrow.

Thanks a lot for your continued support.