Daily Break and Retest

5 בספט׳ 2019

After holding above all major moving averages on high timeframes, seeing Price cross upwards through the Kijun-Sen and the reaction to this horizontal level. I believe this may be a break/retest and furthermore a Support/Resistance flip if BTC can continue to hold this 10,500 level ideally. A tick below yesterday's daily low would lead me to believe this idea is invalidated and that we will see further downside to at least test the lower moving averages on a high timeframe.

Cheers y'all, trade safe