At this point i see more sideways movement into a symmetric triangle squeeze before moving up another notch to the next (red) resistance band. Assuming BTC still has sideways trading or bullish movement.
Comment:
Comment:
Some pleasant unexpected results.
Where are we now?
Observations:
- RSI overbought indicators hence sell off began
- 0.0877 new resistance
- support 0.081
- overall\major resistance if this bull run is to continue is 0.107
- bullish sentiments > EMA crossover
- trend-line is over MA 20
We are expecting a healthy bull-back because we are overbought conditions, red candle stick has already progressed. Fib over extended.
Even though its too early to say, tomorrow is Saturday which is usually bullish. Gut feel says hold as we are also seeing a squeeze within the 1 hrly candlesticks.
Also BTC has potentially more room to go up or sideways trading.
Where are we now?
Observations:
- RSI overbought indicators hence sell off began
- 0.0877 new resistance
- support 0.081
- overall\major resistance if this bull run is to continue is 0.107
- bullish sentiments > EMA crossover
- trend-line is over MA 20
We are expecting a healthy bull-back because we are overbought conditions, red candle stick has already progressed. Fib over extended.
Even though its too early to say, tomorrow is Saturday which is usually bullish. Gut feel says hold as we are also seeing a squeeze within the 1 hrly candlesticks.
Also BTC has potentially more room to go up or sideways trading.
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
