Crypto Market is incredibly bullish right now so looking for long opportunities.
Horizontal level: Clean support where price has bounced multiple times.
Stochastic RSI reset - gearing up for next leg up.
Market structure: Higher Low representing a key shift in Market Structure.
Diagonal level: Clean re-test and bounce.
All of the above factors suggest confluence...
Increasing volume & awareness.
Backed by Huobi & Binance (binance listing hype inevitable).
Crypto version of stocktwits.
Meeting first area of supply resistance - 3rd tap and likely to break.
Trade safe chaps.
First TA ever
BTC will fall to lower resistance band and then push up to the upper where FUD will create more weak hands.
Market sentiment is typically bearish at the moment but will keep between the bands.