Bitcoin looks like it was going down this channel and has done a nice V-shaped reversal. If you're playing the bounce I'd monitor Volume, the RSI and Exponential resistance/support.
$11,130 is the 22 EMA so I expect a push up to that and depending on volume can see Bitcoin making another push for $12k. Keep in mind that longing in this area is risky so it's best to just keep track and wait out to see how volatile this gets.
$11,130 is the 22 EMA so I expect a push up to that and depending on volume can see Bitcoin making another push for $12k. Keep in mind that longing in this area is risky so it's best to just keep track and wait out to see how volatile this gets.
Comment:
$12k hit on some exchanges. I'd exit here if you were long from the initial bounce.