Right now I'm on the edge of my chair, but lets go straight forward.
Last night BTC went for a few hours Rally, but Volume did not support it and falls to the prior resistance at 11700 that is now acting as a solid Support. But! If we see the Support Trend Line and Resistance Level 1 (Blue) and Resistance level 2 they are both creating a wedge, so not so bull right now.
Any way, be carefull BTC may break the 12200 Resistance but needs to have enough Volume, or fall below the 11700 Support. If this last scenario happens, its going to hurt A LOT!
For God sake market needs to terminate this January Bear season soon!
Last night BTC went for a few hours Rally, but Volume did not support it and falls to the prior resistance at 11700 that is now acting as a solid Support. But! If we see the Support Trend Line and Resistance Level 1 (Blue) and Resistance level 2 they are both creating a wedge, so not so bull right now.
Any way, be carefull BTC may break the 12200 Resistance but needs to have enough Volume, or fall below the 11700 Support. If this last scenario happens, its going to hurt A LOT!
For God sake market needs to terminate this January Bear season soon!
