BTC Critical Juncture
Ichimoku conversion above base line = Good
MA 50 above MA200 = Good
We are right at the critical resistance of a lower high descending trendline; with BTC consolidating and triangulating upwards towards this wedge for weeks now.
We will either break this line and shoot up towards the 12K region or there will be a sell off back to the 8K region for more consolidation before testing and eventually breaking this line in the coming months.
I think there may be a greater probability we will break and go up considering the good looks of the MA and Ichimoku; but this would be where to put in positions for both short and longs with a stop loss in either direction.
MA 50 above MA200 = Good
We are right at the critical resistance of a lower high descending trendline; with BTC consolidating and triangulating upwards towards this wedge for weeks now.
We will either break this line and shoot up towards the 12K region or there will be a sell off back to the 8K region for more consolidation before testing and eventually breaking this line in the coming months.
I think there may be a greater probability we will break and go up considering the good looks of the MA and Ichimoku; but this would be where to put in positions for both short and longs with a stop loss in either direction.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.