So I was looking long unless we broke the flat support. Unfortuently we did end up breaking that 16 area and I did go short Howver was stopped into some profits. I am looking at this as overall a bullish setup still Howver it might just need a little more time to build.
Right now it could
Be building a falling Channel but we need to clear 1650 and hold up there. Otherwise 17.50 confirmed could be the safest bet. It has now retest the flat support and had a small rejection. Btc does seem to be trying to make a breakout of a falling wedge so a few more days to confirm that
If we can get a volume pushed confirmation and reclaim of 30k on BTc Mara coin and other crypto stocks should start to rise along with it. I’m looking for an overall push to head into the 30s but it’s going to take some time to climb up there.
Right now it could
Be building a falling Channel but we need to clear 1650 and hold up there. Otherwise 17.50 confirmed could be the safest bet. It has now retest the flat support and had a small rejection. Btc does seem to be trying to make a breakout of a falling wedge so a few more days to confirm that
If we can get a volume pushed confirmation and reclaim of 30k on BTc Mara coin and other crypto stocks should start to rise along with it. I’m looking for an overall push to head into the 30s but it’s going to take some time to climb up there.