BTC - A Ray of Light Through the Clouds and Angels Singing?
Previously, I mentioned BTC was in a bit of a tricky spot, looking like it might be heading into a textbook Bart Simpson.
Looks like we may have avoided this formation! BTC pulled the ole "I'm going home" with the move up above all our notable levels and EMAs on the 4H chart! If we can post a close at this level, we're looking good for things to turn back on.
One thing to note, it's not crazy high volume right now. Actually very low volume and it's the weekend.
If the market doesn't post a retracement back down tomorrow, we could be back in the upswing. But the lack of REAL volume makes me nervous and adds a lot of risk to getting in now.
Next resistance areas are marked for TP points, don't get too horned up on this move though as we're likely not out of the woods on the overall correction down.
Looks like we may have avoided this formation! BTC pulled the ole "I'm going home" with the move up above all our notable levels and EMAs on the 4H chart! If we can post a close at this level, we're looking good for things to turn back on.
One thing to note, it's not crazy high volume right now. Actually very low volume and it's the weekend.
If the market doesn't post a retracement back down tomorrow, we could be back in the upswing. But the lack of REAL volume makes me nervous and adds a lot of risk to getting in now.
Next resistance areas are marked for TP points, don't get too horned up on this move though as we're likely not out of the woods on the overall correction down.
Comment:
And right on back down again. BARTed afterall
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
I still don't think the overall consolidation is over, but I'll take it while I can get it! Lets make some money.