Should $8000 hold and generate a higher trough, I would anticipate the market moving up to retest BTC @ $10,000.
On the alternate side, a retest of $8000 followed by a lower high would indicate to me a bias toward the bears, and a subsequent retest of the BTC $6500 level
Be safe out there
On the alternate side, a retest of $8000 followed by a lower high would indicate to me a bias toward the bears, and a subsequent retest of the BTC $6500 level
Be safe out there
Trade active:
Higher trough was created, market is wanting to continue higher.
With the new of BTC's creator being arrested I will want to keep a close eye on the BTC $8500 level. When price comes back down to retest that level, I would like to see volume confirmation with a bounce.
If that holds I will be looking towards BTC $10,000
With the new of BTC's creator being arrested I will want to keep a close eye on the BTC $8500 level. When price comes back down to retest that level, I would like to see volume confirmation with a bounce.
If that holds I will be looking towards BTC $10,000