Btc has finally penetrated the upper trend line, but has yet to do that on the log chart.
The daily closed with a bear hammer.
The 10k area will be met with heavy resistance. Avoid the temptation to buy in unless youre scalping that bull trap.
At the same time, we're seeing a right shoulder forming
The stars are aligning as the 200 day MA approaches the .5 and soon .382.
I'm expecting the right shoulder to bounce in the .382 or .5 zone as the moving average slowly moves up to that level
The daily closed with a bear hammer.
The 10k area will be met with heavy resistance. Avoid the temptation to buy in unless youre scalping that bull trap.
At the same time, we're seeing a right shoulder forming
The stars are aligning as the 200 day MA approaches the .5 and soon .382.
I'm expecting the right shoulder to bounce in the .382 or .5 zone as the moving average slowly moves up to that level