BTC - Consolidating for Possible Breakout
The value gap still acting as resistance. Part of me wants a stronger rejection so I can get a good DCA entry..
.. but 2/3 of retracements past 90 days were bullish, and while momentum indicates some exhaustion on lower timeframes, thats not the only factor.
The ideal scenario for bulls is a swing down to ~22.9k before rallying for another shot at penetrating the value range. Once in it, I expect some consolidation under 30k before bulls attempt to tackle that very key resistance.
The ideal scenario for bears is losing a couple levels of support (listed in earlier posts). 20.8k goal for bears, with a weekly close under that invalidating the uptrend.
.. but 2/3 of retracements past 90 days were bullish, and while momentum indicates some exhaustion on lower timeframes, thats not the only factor.
The ideal scenario for bulls is a swing down to ~22.9k before rallying for another shot at penetrating the value range. Once in it, I expect some consolidation under 30k before bulls attempt to tackle that very key resistance.
The ideal scenario for bears is losing a couple levels of support (listed in earlier posts). 20.8k goal for bears, with a weekly close under that invalidating the uptrend.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.