BTC Sticking to the 12H and Daily Charts
BTC remains slow and tight the last few days as a break feels imminent.
Watching for a volume spike that lasts more than 1 candle on the 5 minute chart.
Still short term choppy action but the bulls have a clear hourly uptrend as a guide to be watching.
A trend change on the 12H chart would be notable for the potential that the 9k double bottom can hold.
Bears are looking for an entry under $10,200 resistance, and watching to see if hourly RSI gets to the upper 70s.
Still all cash and playing the patience game while we wait for bulls to prove something on the longer term time frames.
Watching for a volume spike that lasts more than 1 candle on the 5 minute chart.
Still short term choppy action but the bulls have a clear hourly uptrend as a guide to be watching.
A trend change on the 12H chart would be notable for the potential that the 9k double bottom can hold.
Bears are looking for an entry under $10,200 resistance, and watching to see if hourly RSI gets to the upper 70s.
Still all cash and playing the patience game while we wait for bulls to prove something on the longer term time frames.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.