A drop of 5% would suggest an extended drop, however based on momentum turning positive on weekly time-frame and cloud support visible on 3-day and also on 1-day charts, Team Sparkster is feeling a little more positive about bitcoin direction.
At this point, it would take a big dose of bad news to push prices down.
With a 12% target and 5% stop loss, the risk reward ratio isn't good.
Cloud also remains flat on higher time-frames, so it still thinks this is a slow grind upwards for the rest of the week...
At this point, it would take a big dose of bad news to push prices down.
With a 12% target and 5% stop loss, the risk reward ratio isn't good.
Cloud also remains flat on higher time-frames, so it still thinks this is a slow grind upwards for the rest of the week...
