BTC looks set to make a move and currently is favoring a break to the upside. That is my hope at least.
Either way the sideways movements will soon be over and we will know, historically BTC has always done sideways for a day or three before making new big swings.
We have our resistance and support lines drawn so let's enjoy the show!
Happy trading!
Either way the sideways movements will soon be over and we will know, historically BTC has always done sideways for a day or three before making new big swings.
We have our resistance and support lines drawn so let's enjoy the show!
Happy trading!
Note
Weak breakout... price closed above the wedge but remains to be seen if we will really experience a boost in price since it could just as easily move back into the wedge. Keeping a close watch on this beast.Note
We would need to break above the white support line to say we have an actual breakout. ANything below that is to weak to be sustainable and means we will go back down.
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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.