Technical crypto analysis based on breakout – Wait and buy BTC on a rejection from $6,590.82

BTC –

Wait and buy BTC on a rejection from $6,590.82

Technical Observation

BTC is currently trading with a slightly increasing bearish bias. Ealier yesterday, BTC plunged slightly downwards but is still several points above a major weekly line $6,590.82, this is my long term buy place unless it is clearly breached to the lowerside with a big red candle, however, while it still contains the price above, I’m waiting for a rejection from it to pick a long position with my first take profit at $9,445.84 and the next take profit at $13,365.71. In case of a bbreakout below $6,590.82, then I expect sellers to dominate towards $2,329.40.

Trade Signal.

Wait and buy BTC on a rejection from $6,590.82.

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