Looking at BTC 12H chart here. As you can see on the way up, so far, we had one pullback into the 200MAs (purple and red). Price reacted well there and bounced and continued.
We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside. BULL MODE ON!
If we reject, and so not close 12H inside teh white 100ma, we are likely to see hard reversal back into the 200s. If they break, I think we see price back in between 48k and 53k.
(This scenario, ALTS get hit harder, and this accumulation phase continues for longer)
***NEW 9WEEK AND NEW 3DAY CANDLES MONDAY, WILL WATCH FOR REACTIONS
THANKS FOR YOUR TIME!! PLEASE LIKE FOLLOW AND SHARE!!!
NOT FINANCIAL ADVICE, JUST MY 2CENTS!!
We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside. BULL MODE ON!
If we reject, and so not close 12H inside teh white 100ma, we are likely to see hard reversal back into the 200s. If they break, I think we see price back in between 48k and 53k.
(This scenario, ALTS get hit harder, and this accumulation phase continues for longer)
***NEW 9WEEK AND NEW 3DAY CANDLES MONDAY, WILL WATCH FOR REACTIONS
THANKS FOR YOUR TIME!! PLEASE LIKE FOLLOW AND SHARE!!!
NOT FINANCIAL ADVICE, JUST MY 2CENTS!!