BTC trying to shake off the Bears
BTC looks a lot better and managed to shake off the bears with a Double Bottom breakout.
There were enough bullish signs for me to reenter and my cond. buy order at 15k filled.
The low volume is the only thing I don't like but this could be related to the holidays.
It remains to be seen if we can break out of the Kumo Cloud and pick up some volume for a trend confirmation from the market.
Signals I'm looking for further confirmation:
- Kumo Breakout on 4h and breaking of the next resistance of 15900
- staying above Kijun 4h
- staying above Tenkan 1D
Trade safe!
There were enough bullish signs for me to reenter and my cond. buy order at 15k filled.
The low volume is the only thing I don't like but this could be related to the holidays.
It remains to be seen if we can break out of the Kumo Cloud and pick up some volume for a trend confirmation from the market.
Signals I'm looking for further confirmation:
- Kumo Breakout on 4h and breaking of the next resistance of 15900
- staying above Kijun 4h
- staying above Tenkan 1D
Trade safe!
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