BTC had $6.4M in SHORT liquidations to squeeze the price action. Will this be a sustained breakout?
To start to become bullish, a break and confirmation above macro trend will need to occur.
This could be a false breakout in the short term.
Monitor the 1D MA50 as resistance also.
Then there is heavy cloud cover to overcome and there isn't even a green twist yet.
Good Luck.
To start to become bullish, a break and confirmation above macro trend will need to occur.
This could be a false breakout in the short term.
Monitor the 1D MA50 as resistance also.
Then there is heavy cloud cover to overcome and there isn't even a green twist yet.
Good Luck.
Commentaire:
At Macro Trend again. 15min RSI is high, so for sure a cool down if not a large rejection.
At Macro Trend again. 15min RSI is high, so for sure a cool down if not a large rejection.
Monitoring for a Distribution top in this range in lower timeframes