Keeping it simple here! What you will see is a 50/200 MA crossover to the downside! BEARISH. It's a tight cross, so we need it to cross again. UP!
What we are looking for is consistent volume at this 7K level to allow us a solid accumulation phase into what we could call 7900, a breakout level.
Personally not playing Bitcoin, I would be entering near support. Beautiful trend, 12K is a magic level for me that may change my mind.
SUPPORT & SLs: 6K
PRICE TARGET: 8K
What we are looking for is consistent volume at this 7K level to allow us a solid accumulation phase into what we could call 7900, a breakout level.
Personally not playing Bitcoin, I would be entering near support. Beautiful trend, 12K is a magic level for me that may change my mind.
SUPPORT & SLs: 6K
PRICE TARGET: 8K