ASCENDING TRAINGLE BREAKDOWN ON THE HOURLY. SUPPORT AREAS
bitcoin is showing an ascending triangle breakdown on the hourly but currently the hour EMA is holding. Bulls would be looking for a sharp bounce with expanding volume here to invalidate the hourly breakdown.
Bears should be watching for the 4 hour close below the 20EMA break there and we go to the first support zone. breakdown from that and I think we visit 47k-48k
although this could be weekend shenanigan's. (fake outs)
Overall I am not trading this in either direction ATM.
Bears should be watching for the 4 hour close below the 20EMA break there and we go to the first support zone. breakdown from that and I think we visit 47k-48k
although this could be weekend shenanigan's. (fake outs)
Overall I am not trading this in either direction ATM.