Situation 1 (orange): If support (A) holds, price should break upward after consolidation meets resistance (B)
Situation 2 (green): If price breaks support (A) it should catch on support (B) then consolidate before breaking upward through resistance (1)
Regardless of the outcome, I dont see bitcoin falling past the $6,400 range. Still Bullish
Situation 2 (green): If price breaks support (A) it should catch on support (B) then consolidate before breaking upward through resistance (1)
Regardless of the outcome, I dont see bitcoin falling past the $6,400 range. Still Bullish