Looks like my bullish scenario paned out just like I expected. The green area was penetrated and the breakout came. I'm now looking at the 10K range (yellow line) if more bull action comes into play. Right now at 9.5K we're at a decent resistance, but FOMO may push it higher.
Bearish scenario would be a retest at 8K support and major trend line (purple). Breaking through trend line would mean bears still have a few supports to break. Worst case: retest 6k.
Longterm:Bearish
Short term: Bullish
Please keep an eye out for BTC price action as it's the major predictor of alt price action.
--- dionysus
Bearish scenario would be a retest at 8K support and major trend line (purple). Breaking through trend line would mean bears still have a few supports to break. Worst case: retest 6k.
Longterm:Bearish
Short term: Bullish
Please keep an eye out for BTC price action as it's the major predictor of alt price action.
--- dionysus
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.