BITCOIN UPDATE, GREY BOX NEEDS TO HOLD
Following yesterday ideas, still inside the grey area shared yesterday consolidating, waiting for a clear trigger for both sides.
For longs, I want to see the blue parabola break, and the grey box hold. So break the parabola while holding grey box, and close again above orange box (48.5k area), and that's a clear long for me to those objectives in chart, followed by the ones shared yesterday.
For shorts, grey box needs to turn into resistance, start closing below, and that's a short to those objectives. Maintaining the blue aprabola would be another weakness signal.
For longs, I want to see the blue parabola break, and the grey box hold. So break the parabola while holding grey box, and close again above orange box (48.5k area), and that's a clear long for me to those objectives in chart, followed by the ones shared yesterday.
For shorts, grey box needs to turn into resistance, start closing below, and that's a short to those objectives. Maintaining the blue aprabola would be another weakness signal.
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