BTCUSD ready to go!
As pointed yesterday we are consolidating before the potencial break of the neck line.
So far the consolidation is healthy and no red flags.
Couple possible scenerios:
-increasing bear volume during consolidation would be a red flag for the bulls
-brief consolidation as it is now just to cool the RSI would be excellent for the bulls
On the break of the neck line we need to see increasing bull volume, which would give me confidence in my position.
If we dont be aware of the fakeouts.
So far the consolidation is healthy and no red flags.
Couple possible scenerios:
-increasing bear volume during consolidation would be a red flag for the bulls
-brief consolidation as it is now just to cool the RSI would be excellent for the bulls
On the break of the neck line we need to see increasing bull volume, which would give me confidence in my position.
If we dont be aware of the fakeouts.
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