BitcoinUpdated BITCOIN
Bullish continuation:
-Break above CTL (W Formation neckline)
-Resistance box (expect consolidation)
-200 M.A
-TP:10000 LONG TERM
Bearish continuation:
-Consider HL & LL formation
-Failure to break CTL (wait for pair to test & reject)
-Consolidation (fails to continue bullish)
- Fails to break the 200 M.A
-TP:5600 OR NEW LOWER LOW
-Could go bearish at anytime so be on the look out.
-Break above CTL (W Formation neckline)
-Resistance box (expect consolidation)
-200 M.A
-TP:10000 LONG TERM
Bearish continuation:
-Consider HL & LL formation
-Failure to break CTL (wait for pair to test & reject)
-Consolidation (fails to continue bullish)
- Fails to break the 200 M.A
-TP:5600 OR NEW LOWER LOW
-Could go bearish at anytime so be on the look out.
Note
Bearish movement, now to wait for the 5600 TP
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