$BTC - Resistance Ceiling ?
#Bitcoin having a great explosive day on CPI # readings coming in lower at 8.50% compared to 9.10 % from the previous last month.
#Bitcoin approaching it's previous resistance zone that it failed to maintain as support and break higher.
A Bullish Ascending Triangle Pattern has formed on lower time frames , within the daily bear flag, and it's green ceiling is the resistance #Bitcoin is facing short term for it to break it and continue higher.
Ascending Patterns are likely to break out higher, so are we headed to 25k breakout and higher ?
How will NYSE react on today's openings is key indicative despite TA and Bitcoin's fundamentals, at least for the short term price action means.
Wait for pattern break out confirmation with volume and retest for less risk while entering in case your aren't yet.
Don't chase the price, let it come to you
#Bitcoin approaching it's previous resistance zone that it failed to maintain as support and break higher.
A Bullish Ascending Triangle Pattern has formed on lower time frames , within the daily bear flag, and it's green ceiling is the resistance #Bitcoin is facing short term for it to break it and continue higher.
Ascending Patterns are likely to break out higher, so are we headed to 25k breakout and higher ?
How will NYSE react on today's openings is key indicative despite TA and Bitcoin's fundamentals, at least for the short term price action means.
Wait for pattern break out confirmation with volume and retest for less risk while entering in case your aren't yet.
Don't chase the price, let it come to you
Comment:
Trade closed manually:
Taking Profits and entering Short with SL at 8H pin bar wick rejection .
Rising Wedge forming , not yet break down to confirmation, however first sigs on trouble occuring on price action.
Taking Profits and entering Short with SL at 8H pin bar wick rejection .
Rising Wedge forming , not yet break down to confirmation, however first sigs on trouble occuring on price action.
Comment:
Zoomed in SHORT idea from Price-Action
Zoomed in SHORT idea from Price-Action
