Quick update but looks like on the 4 hour we are running out of runway inside this ascending triangle. Stoch RSI looks healthy, VFI crossing over bullish, we might see a breakout North here. I think thats the most likely scenario but there is heavy, heavy resistance at 60k and a rejection here would see us retesting support at ~56k and possibly 53k. I could see bears trying to force it lower to 50k but suspect they won't have the volume to make that move, if it comes to it.
That said, my favored course of action here is for a breakout North, and since I'm out for the day I'm going to have a big surprise tonight when I get back.. best of luck traders.
That said, my favored course of action here is for a breakout North, and since I'm out for the day I'm going to have a big surprise tonight when I get back.. best of luck traders.