Greetings,

Today we’re looking at Bitcoin price action and it’s 1D candle close. The past 2 days both daily closes have been in the red, that may show a sign of things to come. Yesterday we can see a Bearish Inverted Hammer & Today’s candle, which has just closed is a bearish candle. I’m looking for tomorrow’s daily candle to close above $44,400 to stay in bullish territory.

1D Time Frame 50MA (Blue line) – This can be a level where we will see as support if BTC reaches these lows. If BTC reaches these levels it will be around $41,800 price range.

Trend Line (Yellow Line) – If BTC price action falls below this line, expect armageddon.

Keep in mind we’re watching Bitcoin price action closely as it determines our Altcoin trading as well as USDT.D & BTC .D to do our analysis.

Remember, nothing is guaranteed, control the controllable.

Mogues