BTC continues to respect this trend line above and BTC has tagged it multiple times only to bounce back. IF BTC breaks this trend line and CONFIRMS it then I like our odds here for a bull run. This has my attention because if it breaks that trend line it ALSO confirms market structure which is a pretty powerful move. Not only will it confirm market structure, but we would also have the 13EMA become the support line.
Obviously this isn't financial advice to invest, just an idea if we see these confirmations. Remember just because a candlestick breaks a trend line does not mean that it is confirmed. We need to see about 2-3 candlesticks/confirm it with a fractal in order to make that determination.
Obviously this isn't financial advice to invest, just an idea if we see these confirmations. Remember just because a candlestick breaks a trend line does not mean that it is confirmed. We need to see about 2-3 candlesticks/confirm it with a fractal in order to make that determination.