- OBV passed the level I needed for a semi confirmation on daily. However we need more to continue past $8,550 along with additional confirmation.
- Tom Sequential on the daily showing bear exhaustion 2 days ago.
-Wicked back off of the 4 hour Tenkan-sen on that beautiful little breakout.(No surprise)
-So lets bust this 6 hour open... BITFINEX:BTCUSD
Watch for rejection at this level ($8,550) BITFINEX:BTCUSD and also the 6 hour Tenkan-sen (Bottom Chart), once we break that then we can watch for a trend break. As always I am watching very closely. controls all other factors so I typically focus on in situations like this. (Stop losses are always my friend, so use the tools you are provided with for external factors that are not able to be seen with TA)
Educational link for and the Tenkan-Kijun Cross
Please do your own research and use my content to educate yourself.