Cup and Handle on BTC
BTC is seeing resistance at 10.4k .Short term target is 11k.
I'd like to see more volume push the price up. That being said, the EMA's are crossing over on the 4hr and the candles are closing above the 10 which is good.
As always I make my charts in the morning and my final trades at night. One thing I've noticed is that when the U.S goes to sleep, the Asian market tends to follow through on the trend set throughout the day.
I'm hoping we see 11k by the morning.
I'd like to see more volume push the price up. That being said, the EMA's are crossing over on the 4hr and the candles are closing above the 10 which is good.
As always I make my charts in the morning and my final trades at night. One thing I've noticed is that when the U.S goes to sleep, the Asian market tends to follow through on the trend set throughout the day.
I'm hoping we see 11k by the morning.
Note
Well, BTC hit 10.8k. It may pull back to the 10 EMA on the 4 hour but today's trading action will determine where we go. That being said, we do have strong support at the 10.3k.
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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.