Short and sweet green candle has taken Bitcoin up from $3800 to $4050 this Sunday afternoon.
200EMA on the 4hour was broken to the upside in this move, and POC resting around $3800 acting as solid support for now.
Since the market sentiment is still very much bearish I will still be looking to short in my red zone ($4100 - $4350) as we lead into another Monday.
If price action breaks through my short box, expect a push to $4980+ sometime within January, it's hard to speculate as to exactly when.
200EMA on the 4hour was broken to the upside in this move, and POC resting around $3800 acting as solid support for now.
Since the market sentiment is still very much bearish I will still be looking to short in my red zone ($4100 - $4350) as we lead into another Monday.
If price action breaks through my short box, expect a push to $4980+ sometime within January, it's hard to speculate as to exactly when.