It's a key decision point for BTC. Bulls need to act immediately for a breakout from the wedge formation.
Otherwise this could drop back down to support around 57250 and risk a potential breakdown.
The Directional Movement Index is showing the bears in control of the market at the moment.
Otherwise this could drop back down to support around 57250 and risk a potential breakdown.
The Directional Movement Index is showing the bears in control of the market at the moment.
Trade active:
If you are bullish on BTC this could be a great entry point.
Because it has a tight stop loss.
If trend support fails get out. Set alerts on trend lines and let tradingview work for you
Because it has a tight stop loss.
If trend support fails get out. Set alerts on trend lines and let tradingview work for you
Trade closed: stop reached