BTC hourly 4 Dec Sun
4 Dec Sun
Finally it took 48h to compete bullish OU and we are seeing the result of it and bounce up. This was difficult play as the resistance has been touched so many times that it could easily break.
For today's plays I am looking for short entry at the height of second shoulder of that OU. Falling from there can cause the price to finally break the resistance at 16880 and do down to 16580 - yellow arrow.
However high concentration of volume at 16950 might cause another bounce up - red arrow.
Finally it took 48h to compete bullish OU and we are seeing the result of it and bounce up. This was difficult play as the resistance has been touched so many times that it could easily break.
For today's plays I am looking for short entry at the height of second shoulder of that OU. Falling from there can cause the price to finally break the resistance at 16880 and do down to 16580 - yellow arrow.
However high concentration of volume at 16950 might cause another bounce up - red arrow.
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