BTC volume has still not broken the bearish trendline. I am looking for further downward pressure and a long wick reaching levels of ~50k. This is where I will open my next long position.
FYI: Price ranges and parallel channel based on closing prices (bar chart) for more accurate values, thus why i am waiting for long wick to knock out stop losses. Only then do I believe we will have enough bullish momentum to take us to the next level.
Not financial advise.
FYI: Price ranges and parallel channel based on closing prices (bar chart) for more accurate values, thus why i am waiting for long wick to knock out stop losses. Only then do I believe we will have enough bullish momentum to take us to the next level.
Not financial advise.