We've started trading the smaller dragon on the lower time frames, but really watching this Bullish Bat , at both Trend and Support after an 88.6% retrace. If we cant hold 40 ,700, i wouldnt be surprised to see a liquidity grab to the lows before a strong move up. 17 billion in shorts above us, but there are likely some long liquidations below us that would help fuel the attack the upside.
Hidden bullish divergence here on the MACD if we do in fact pivot here. RSI gaining a bit here too and moving above the average.
Still looking at this as an ascending triangle until failure or a breakout above the overhead supply.
Hidden bullish divergence here on the MACD if we do in fact pivot here. RSI gaining a bit here too and moving above the average.
Still looking at this as an ascending triangle until failure or a breakout above the overhead supply.
Comment:
Measured move of the ascending triangle puts you around 57k. Locally, i do like the idea of the Bat as well
