Good Signs of Bullish Movement!
Last night BTC moved above the resistant line of our falling wedge. This is a good sign of bullish movements as bears were not able to push down any further for the past week. RSI has moved up away from oversold territory and is currently at even levels so its pretty good sign of a bullish movement incoming.
Even though I am calling for a long position, I will be staying in for short term as we are still in a heavy bear market. I am posting this for a quick long gain position and not implying the bear market is entirely over. Set you stop losses close.
Stay tuned for more updates.
Even though I am calling for a long position, I will be staying in for short term as we are still in a heavy bear market. I am posting this for a quick long gain position and not implying the bear market is entirely over. Set you stop losses close.
Stay tuned for more updates.
Note
Trend line broken, looks like we will be retesting lower support line again
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