Battle of BTC (1 day)
Big risk-off of all global markets due to the outbreak of the new Covid variant.
Market structure is still intact.
[High %] The VWMA will cross down SMA50 which means a correctional period.
[Low %] A bearish period will commence when SMA50 crosses down SMA200 which implies a simple death cross pattern.
[High %] I expect the floor to be around 50.5-51k as the trendline support has bounced twice in recent times (Jul 21st, Sept 28th).
Market structure is still intact.
[High %] The VWMA will cross down SMA50 which means a correctional period.
[Low %] A bearish period will commence when SMA50 crosses down SMA200 which implies a simple death cross pattern.
[High %] I expect the floor to be around 50.5-51k as the trendline support has bounced twice in recent times (Jul 21st, Sept 28th).
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