BTCUSDT: Enough momentum to best $50820 and retain Bull run?
TUT again comes in handy for a day trending analysis of BTC_USDT. The indicator / chart spread is off-the-shelf capable, but a manual exercise in positioning competing x/y stable points taking in repeated exit signals.
It appears as though price action may accommodate flirtation with resistance red, but that for the Bull run to continue, the action will have to surpass roughly $51K. Whether a plunge would immediately ensue is a challenging question. To seek to answer it, however, is not to accept a defeat for the Bulls, but a chance for renewal may soon be on its way nonetheless.
Yet, while all good things must come to an end, as of this writing, the dawn of Monday is closer from this moment than the moment is past the front face of the last Monday which is, meaning to say, the momentum might be there to flip the price action above the line, setting up an overbought situation which can make predicting anything more sure than an exit.
But that's up to traders themselves who might take heed.
It appears as though price action may accommodate flirtation with resistance red, but that for the Bull run to continue, the action will have to surpass roughly $51K. Whether a plunge would immediately ensue is a challenging question. To seek to answer it, however, is not to accept a defeat for the Bulls, but a chance for renewal may soon be on its way nonetheless.
Yet, while all good things must come to an end, as of this writing, the dawn of Monday is closer from this moment than the moment is past the front face of the last Monday which is, meaning to say, the momentum might be there to flip the price action above the line, setting up an overbought situation which can make predicting anything more sure than an exit.
But that's up to traders themselves who might take heed.