A strong move down in crypto yesterday with higher volume follow by a fast recovery so far today (with MIXED volume) leaves the edge to bears for now.
That said, key support keeps being tested at the $6200 level for BTC and for now, the game goes on for the bulls, which could lead to good upside?but unlike the bears who get big moves and volume on every down move ? bulls need some damn proof!
New SAFE trades or adds to trades could be out there as we get closer to the close today.
Charts below show updated set ups and the volume divergence which is another indicator of a pattern set up that usually leads to BIG MOVES short term.
3 CHARTS XBT futures and ETH are still the cryptos to watch as market indicators ? XRP and XMR (chart not shown but same set up as ETH) could offer important clues by close today.
