Looking at the 1H we can see a bull flag forming on BTC. Couple things alarm me, volume on the break out is not substantial. Also, there have been many fake outs in both directions in the market these days. So that means, price would break key level of resistance or support, but no follow through and then a quick reverse.
Nonetheless, I am taking at stab at this breakout. Stop Buy at 7575, stop loss at 7442. We are looking to hold support on the 12 EMA and and try for a cross above the 26 ema.
Nonetheless, I am taking at stab at this breakout. Stop Buy at 7575, stop loss at 7442. We are looking to hold support on the 12 EMA and and try for a cross above the 26 ema.