BTC will test s very strong previous structure level at
12333.6 USD. We are also seeing price start to move sideways breaking out of the channel.
Price is supported by the 20 day MA which is a good sign
for price movement during the rest of the week/end.
If we see an ABCD pattern forming along the green arrow we can expect to see price hitting the structure level as marked.
In my personal opinion I will wait for price to close above structure or keep an eye on the volume during the candle breaking structure but I doubt that the breakout will be that major so I'm sticking to my strategy and waiting for a confirmation close above structure and the 10 MA crossing the 20 MA with a steep incline.
12333.6 USD. We are also seeing price start to move sideways breaking out of the channel.
Price is supported by the 20 day MA which is a good sign
for price movement during the rest of the week/end.
If we see an ABCD pattern forming along the green arrow we can expect to see price hitting the structure level as marked.
In my personal opinion I will wait for price to close above structure or keep an eye on the volume during the candle breaking structure but I doubt that the breakout will be that major so I'm sticking to my strategy and waiting for a confirmation close above structure and the 10 MA crossing the 20 MA with a steep incline.