BTCUSD is testing the downtrend log resistance for the 4th time while making an edge to edge move within the 12hr cloud. Hourly RSI calls for a pullback to the support of the ascending triangle structure. This setup is very bullish and will give people a couple more hours to jump in before the rally.
Trade closed: target reached:
Target hit: Looking for a pullback to about 8230 support to fill a right shoulder.
We finally broke downtrend resistance which is VERY BULLISH!
We finally broke downtrend resistance which is VERY BULLISH!