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Not looking bearish at all since we reached the lows back in Dec. If we manage to break and close above white box, I could imagine R1, maybe R2 getting tested depending on the strength of the move. Everything is dependent on $BTC here.
To play it safe, you could wait for a candle close above white box on the daily/12H/4H depending on how you wait for confirmation; I imagine the impulse move would be quick though.
Not looking bearish at all since we reached the lows back in Dec. If we manage to break and close above white box, I could imagine R1, maybe R2 getting tested depending on the strength of the move. Everything is dependent on $BTC here.
To play it safe, you could wait for a candle close above white box on the daily/12H/4H depending on how you wait for confirmation; I imagine the impulse move would be quick though.
Comment:
Smashed resistance, turning it into support. I'm quite confident we'll see a run of the highs at R1 here. Let's see what we get.