Sentiment data is marginally different than traditional technical analysis.
Median Trend Price, aka 0sig = Orange Line
Resistance, aka 1sig = Yellow, upper
Support, aka -1sig = Yellow, lower
Extended Resistance/Support (2/-2sig) = gray, respectively
Green is the 3sig (extended target)
Red is the -3sig (retracement level)
Ranging between the -1 and 1 sig provides a level of price strength. Continued action above the -1sig will keep the upper 3sig target on the table, I'm terms of how the trend is leaning. I don't see $60k just yet with BTC, but high $59k prior to retrace range sub -2sig is likely.
Median Trend Price, aka 0sig = Orange Line
Resistance, aka 1sig = Yellow, upper
Support, aka -1sig = Yellow, lower
Extended Resistance/Support (2/-2sig) = gray, respectively
Green is the 3sig (extended target)
Red is the -3sig (retracement level)
Ranging between the -1 and 1 sig provides a level of price strength. Continued action above the -1sig will keep the upper 3sig target on the table, I'm terms of how the trend is leaning. I don't see $60k just yet with BTC, but high $59k prior to retrace range sub -2sig is likely.