After hourly and 3 day triangle consolidation, price is apexing before breaking up
Price climbed after the bullish headshup we had on Friday Strong bullish signs: strong close with little selling at the top, Closing above horizontal resistance and previous daily high Warning signs: 1)Still bellow major LT MAs 2)Volume is not picking up, decline from Friday and bellow 7 day avg. Should be cautious with Longs at this point Current action: No action
Price climbed after the bullish headsup we had on Friday Strong bullish signs: Strong close with little selling at the top Closing above LT MA's and daily previous high Bearish: Volume is not picking up - hint that this is an up reaction but the trend is still down, be careful with longs at this point
Price climbed with heavy volume, heavy selling towards EOD closing just on/over prev High which is a warning sign for further incline, though could be healthy selling before further climbing Notice to major triangle forming between short term uptrend support and the above previous trading range bottom which is now a resistance Current action: No action
After consolidating on an ascending triangle with climbing support levels
After consisting some downtrend, breaking of support, itsis now in a triangle towards conclusion down Short is around 90k
Short term i see bitcoin rises to around 64000, topping there before dropping to the 42-45 levels