After yesterday's bull run gives BTC mixed signs!
We have a breakout from strong support and resistance area @ $7500 and now the price is above Moving Averages + good sign is also bullish flag formation in the 1h chart! Do get a better understanding about bulls we have to break above the bull flag and break those strong resistances @ $7680 and $7760. This drives the price back up into the "Rising wedge" and we get better 'launching platform'.
A Bearish sign is - two days ago we breakout from "Rising wedge" and today we retest bottom trendline this is bearish price action! Hopefully, this is not what we get from here and bulls are fighting price back up to not make lower high (LH on the chart)
We have a breakout from strong support and resistance area @ $7500 and now the price is above Moving Averages + good sign is also bullish flag formation in the 1h chart! Do get a better understanding about bulls we have to break above the bull flag and break those strong resistances @ $7680 and $7760. This drives the price back up into the "Rising wedge" and we get better 'launching platform'.
A Bearish sign is - two days ago we breakout from "Rising wedge" and today we retest bottom trendline this is bearish price action! Hopefully, this is not what we get from here and bulls are fighting price back up to not make lower high (LH on the chart)