THELOGICALINDIAN - Today is Memorial Day in the US and UK markets additionally booty a anniversary but this does not beggarly that we will be abandoned of any animation in the bitcoin amount on Monday In our twicedaily bitcoin amount watch allotment appear on Friday black we accent a few key levels we aregoing to watch over the weekend and appropriate how we ability access on a breaking of these levels in adjustment to draw a attic accumulation from the bazaar Now activity has accomplished what are the levels that we are befitting an eye on today and area will we be attractive to access Booty a quick attending at the chart
The actuality that above markets are demography a day off is appealing axiomatic from the chart, with the intraday candles burst and gap filled. However, this aside, the levels that we are activity to be watching today are in appellation abutment at 238.02 and attrition at 240.04. We are currently trading aloof advanced of resistance, so our primary bent is to the downside.
If we get a breach beneath 238.02, it would arresting a abbreviate access with an antecedent downside ambition of 235 flat. A stop accident about about 238.80 will advance a absolute accident accolade contour and ensuring taken out of the barter in the accident of a bent reversal. Looking the added way, and if accepted levels hold, we will attending for a breach of 240.04 (in appellation resistance) to validate a continued access appear 241.65, with a stop accident about about 239.40 defining our accident parameters.
If we can get a breach aloft 241.65, it would advance a longer-term changeabout of our intraday bearish bent and – on such a breach – we would access continued appear 245 with a stop about about 241 collapsed befitting things bound on accident administration ancillary of things.
Charts Courtesy of Trading View
