BTC Daily broke the upper resistance trendline, Weak Vol. Currently I am still looking for a bounce around 50-52K.
Why? We rejected the 21MA and failed to break and hold 58K. I think we will come and retest lower yellow line to confirm the lower trendline and give us cause to continue up.
Unless we put in a higher Low on the daily and get some bullish volume coming in, then I will have cause to change my mind. Or we potentially print some kind of bullish divergence.
Why? We rejected the 21MA and failed to break and hold 58K. I think we will come and retest lower yellow line to confirm the lower trendline and give us cause to continue up.
Unless we put in a higher Low on the daily and get some bullish volume coming in, then I will have cause to change my mind. Or we potentially print some kind of bullish divergence.