SHORT/ Things are lookin good, set my stoploss @6620 selling @2% GAINS till Bull confirmation.
Bullrun confirmation the following is needed 1.) sideways consolidation (yes) 2.) completion of pullback (yes) 3.) downwards correction to @6400 range (Yes) (@6464.67) 4.) low volume to equate PULLBACK (Yes) For breakout 1.) ascending triangle completion (no) 2.) large volume (no) 3.) large media announcement (no) Possible downturn setting stoploss @6500...
Looking at the technical indicators: Hourly MACD – The MACD for BTC/USD is slightly placed in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI is presently well above the 60 level. Major Support Level – $6,320 Major Resistance Level – $6,500
Trendline has been followed to the T. I have found constant income of volume that I believe is pushing price. If we break resistance trendline then breakout to bullmarket is possible. Right or wrong this is not finiacial advice. If you have found my content useful please donate, So that I may cover other Cryptocurrency. <3 DonateBTC: 1KhkTQMsagLoMwA7ZuvN5pqiTTZUbykin8
Don't believe there to be enough volume in the market at this current moment to force bullrun. Downtrend was broken with sidestep to show true resistance @5800 - @6400. This is snapback to continue downtrend. will look to buy-in below @4900 - @5300 resistance. Unless 1M in volume enters market to force bullrun. NOT Financial advice. lower HIGHs sell when 13wk...