What an exciting week with BTC
We witnessed a struggle at the 10k mark momentarily, followed by a surge in price action upwards after barely tasting sub-10k levels.
For those 'stop-hunted' at 10k, im sorry...
Marching on...
We see a nice reversal on the MA Ribbon to the uptrend at the breakout zone of the large descending wedge structure, retesting 12k levels.
DO NOTE THAT we are still printing lower highs, and lower lows on the hourly charts. However, the larger time scales still maintain the uptrend, so fret not.
A critical level to look out for is the 12.4k mark - if we do break above this levels, the uptrend is likely resumed in full swing, but until then, don't be surprised to experience some pullbacks.
We witnessed a struggle at the 10k mark momentarily, followed by a surge in price action upwards after barely tasting sub-10k levels.
For those 'stop-hunted' at 10k, im sorry...
Marching on...
We see a nice reversal on the MA Ribbon to the uptrend at the breakout zone of the large descending wedge structure, retesting 12k levels.
DO NOTE THAT we are still printing lower highs, and lower lows on the hourly charts. However, the larger time scales still maintain the uptrend, so fret not.
A critical level to look out for is the 12.4k mark - if we do break above this levels, the uptrend is likely resumed in full swing, but until then, don't be surprised to experience some pullbacks.
