8600-9400 area is neutral-bullish territor, i.e trend reversal?
Today is a big day.
We broke the log downtrend channel yesterday on BIG VOLUME and if we close the 1Day candle above it then that for me is confirmation (at least in the short run) that we are good to go up and above here.
The next stop could be the Fibonnaci 0.5 level at 9090, it'll be interesting to see how BTC reacts there. Anyway, it'll most probably be just a correction to the daily 200EMA level.
If we hold above the trendline today I'd say the bulls are in town.
If you're feeling good today, share some of that goodness by giving a like :)
We broke the log downtrend channel yesterday on BIG VOLUME and if we close the 1Day candle above it then that for me is confirmation (at least in the short run) that we are good to go up and above here.
The next stop could be the Fibonnaci 0.5 level at 9090, it'll be interesting to see how BTC reacts there. Anyway, it'll most probably be just a correction to the daily 200EMA level.
If we hold above the trendline today I'd say the bulls are in town.
If you're feeling good today, share some of that goodness by giving a like :)