BTC 12hr - watch closely as breakdown of triangle or break out is equally possible.
bullish case
1. green 2 above a green 1 above the 9
2. bouncing of of triangle support
3. successful test of support at 8803
4. stoch bullish crossover
5. rsi trending up
bearish case
1. MA 50 and 100 above (potential spike up then down)
2. bearish trend
Watch for any breakdowns under 9k for continuation down.
Watch for close above that 9450 - 9600 to signal bulls back
in control or.... bull trap zone.
Stay Frosty.
bullish case
1. green 2 above a green 1 above the 9
2. bouncing of of triangle support
3. successful test of support at 8803
4. stoch bullish crossover
5. rsi trending up
bearish case
1. MA 50 and 100 above (potential spike up then down)
2. bearish trend
Watch for any breakdowns under 9k for continuation down.
Watch for close above that 9450 - 9600 to signal bulls back
in control or.... bull trap zone.
Stay Frosty.
Trade active:
Not trading advise but I would be hedging as well.
Not trading advise but I would be hedging as well.