FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
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- BTC/EUR extending weakness for 4th consecutive session, bias lower.
- The pair has retraced channel breakout and price has slipped below 200-DMA.
- Technical studies are bearish and we see scope for further downside.
- RSI has slipped below 50 levels, momentum studies are bearish, MACD is showing a bearish crossover.
- Decisive break below strong support at 200-DMA will raise scope for further weakness.
- Below 200-DMA next major supports align at 6000 levels and then 4712 (Feb 6 low).
- On the upside, breakout above channel top (8225) could see minor upside.
Support levels - 6000 (Feb 2 low), 5488 (78.6% Fib), 4712 (Feb 6 low)
Resistance levels - 7450 (200-DMA), 7483 (23.6% Fib), 8225 (channel top)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-BTC-EUR-fails-to-extend-channel-breakout-eyes-200-DMA-at-7434-1190891) has hit TP1/2.
Recommendation: Bias lower. Trail SL to 8100, stay short for further downside.
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