What's up guyz and gerlz?
I do see considerable arguments to suppose BTCUSD and Crypto are entering a new bull rally phase.
Price neglects big sales which have been spotted here
and here
Such price behavior demonstrates high level persistence from buyers.
On a larger scale price is clearly developing via triangle, and now approached significant resistance, which is HTF trend line, which started from 13K and served as resistance at one time and support at another.
Shall price retrace to 7300 zone I will be looking to load longs or I will be looking for something solid on lower TF, intra day scale entry.
I think we may expect a good impulsive move up shall this triangle work out the right way. But price may also choose to climb up slowly as there are quite a few resistance levels on it's way up.
Take care
I do see considerable arguments to suppose BTCUSD and Crypto are entering a new bull rally phase.
Price neglects big sales which have been spotted here
and here
Such price behavior demonstrates high level persistence from buyers.
On a larger scale price is clearly developing via triangle, and now approached significant resistance, which is HTF trend line, which started from 13K and served as resistance at one time and support at another.
Shall price retrace to 7300 zone I will be looking to load longs or I will be looking for something solid on lower TF, intra day scale entry.
I think we may expect a good impulsive move up shall this triangle work out the right way. But price may also choose to climb up slowly as there are quite a few resistance levels on it's way up.
Take care
