BTCUSDT - 3 Options
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BTC Macro.
A nice trend line since the bottom has acted several times as support/resistance. We just hit this, so this may temporarily be the end of short term down trend.
Ascending wedge has been forming though, so may see short term increase before a dump down to bottom trend line, which also corresponds to 200 EMA.
Third option is that mega bullishness takes us straight up from here.
I am currently sitting on the fence, but based on a few other alt charts, i am leaning towards upwards from here.
A nice trend line since the bottom has acted several times as support/resistance. We just hit this, so this may temporarily be the end of short term down trend.
Ascending wedge has been forming though, so may see short term increase before a dump down to bottom trend line, which also corresponds to 200 EMA.
Third option is that mega bullishness takes us straight up from here.
I am currently sitting on the fence, but based on a few other alt charts, i am leaning towards upwards from here.
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