We are back inside the Keltner channel. checked!
We are making a huge daily bullish hammer candle. In progress!
We are above the 21 weekly EMA.
What do we need next to keep the market bullish?
If we make another big impulsive movement then we need a proper correction.
Going parabolic would cause the cycle to end too early.
Right now after breaking some major supports of different moving averages, BTC is testing the weekly 21 Moving average that is coming in around 42000. to confirm the BTC short term bearish mode, BTC has to close the weekly candle below 42000. and to stay somewhat bullish then BTC has to close the weekly candle above 43500 up tp 44200. If BTC breaks the 21 weekly...
