Old daily ascending support acting as resistance, just watch out a bid with longing..
Short term I still think we have to dip below 11k
I’ll change bullish when they get a daily close above ascending line again..
Low volume rise isn’t the best for bulls in my opinion, it would have been better to consolidate more then just puttting a small new leg up.
Now overleverage longs can cause btc to drop hard when big sell volume comes in
Short term targets still
11100
10800
10500
9700
If break above and close above on daily. I’ll swap to look for longs, for now I’ll keep shorting this orange ascending line.
Short term I still think we have to dip below 11k
I’ll change bullish when they get a daily close above ascending line again..
Low volume rise isn’t the best for bulls in my opinion, it would have been better to consolidate more then just puttting a small new leg up.
Now overleverage longs can cause btc to drop hard when big sell volume comes in
Short term targets still
11100
10800
10500
9700
If break above and close above on daily. I’ll swap to look for longs, for now I’ll keep shorting this orange ascending line.
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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.