By indexing the BTC price on SPX futures, we have a breakout.
Whereas BTC itself is lagging behind this, that is, it hasn't had the third touch on diagonal resistance yet.
On the right side, volatility indicators signal important momentum.
The RSI signals a bullish move, but in a resistance zone.
The breakout of this zone on the RSI and the resistance of the BTCUSD pegged on the ES1 could provide a positive surprise.
Whereas BTC itself is lagging behind this, that is, it hasn't had the third touch on diagonal resistance yet.
On the right side, volatility indicators signal important momentum.
The RSI signals a bullish move, but in a resistance zone.
The breakout of this zone on the RSI and the resistance of the BTCUSD pegged on the ES1 could provide a positive surprise.
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I was overly optimistic...
Trade aktif:
Reviewing my positioning, I am expecting to break out of the 89 moving average, to pursue the 200 exponential and arithmetic moving average.
Short squeeze: despite the bad scenario, the market is selling off bears.
About to break the triangle.