BTCUSD Indecision point
Right now is at an indecision area
we are rejecting the Blue/grey zone
we have emas closing in and out
we are forming some sort of ascending channel/triangle/flag wich give us a bullish outlook, usually with this I would say bullish, but we have next to the resistance a larger time frame resistance
we've had a few green weekly candles, but the last few I think that are indecision ones.
On the other side I think we have better room to the next downwards zone arround 3700
If we break the 3700 area, i would bet that the price can go to the bullish trendline, and if the price breaks the resistance and the bearish trendline, the price could go to the 4100 region.
The thing with btc and cryptos in general, is that the price are so volatile, that you have to wait for a break out, and if you want to be cautious, wait for a retest might be the best idea.
we are rejecting the Blue/grey zone
we have emas closing in and out
we are forming some sort of ascending channel/triangle/flag wich give us a bullish outlook, usually with this I would say bullish, but we have next to the resistance a larger time frame resistance
we've had a few green weekly candles, but the last few I think that are indecision ones.
On the other side I think we have better room to the next downwards zone arround 3700
If we break the 3700 area, i would bet that the price can go to the bullish trendline, and if the price breaks the resistance and the bearish trendline, the price could go to the 4100 region.
The thing with btc and cryptos in general, is that the price are so volatile, that you have to wait for a break out, and if you want to be cautious, wait for a retest might be the best idea.
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