We printed a higher low on the daily - which is a great sign. Let's keep an eye on that young trend line and let's see if we can print a higher high above 7150.
The descending triangle from 13K is the biggest resistance, followed by the last tops at 8400 - horizontal line.
If BTC can break both resistances upward, the next leg up will be a powerful one...
The descending triangle from 13K is the biggest resistance, followed by the last tops at 8400 - horizontal line.
If BTC can break both resistances upward, the next leg up will be a powerful one...
Comment:
5.900 is the last stand
Comment:
It is safe to say that long positions should move their stop loss right below 6100 USD.
As we approach to the apex of the triangle, let's observe if we can make a move above 7150.
As we approach to the apex of the triangle, let's observe if we can make a move above 7150.
