Market Update: 29 Jun 2020

Chart 1
  1. BTC spot (Chart 2) again tested the 8.8k support and more importantly the 200 2-day MA (Yellow line) that has marked & confirmed important trend changes since 2019. Black Thursday this year followed shortly after the breach of this line on 11th March. Including yesterday’s hold, this quarter alone we’ve tested the level 4 times now, with a substantial immediate bounce each time — we’re watching this line as critical in determining the next big directional move.
Chart 2
Chart 3
Chart 4
Chart 5

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A full-suite crypto asset trading firm | https://qcp.capital/

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QCP Capital

QCP Capital

A full-suite crypto asset trading firm | https://qcp.capital/

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