Scenarios
| a: breakout of local downtrend, squeeze to wedge resistance.
| b: more consolidation.
| c: breakdown of major trendline/resistance/wedge to 6k resistance.
In order for A or C to be more probable, we'd need some big volume candles / momentum to break those strong areas. It could take a FUD event to do so.
B would give it that juice needed.
I only trade and think in possibilities, and plan for each of those outcomes, this way you're open to perceive whatever the market gives you, and you don't subconsciously ignore what is really happening.
Markets are very choppy atm, be careful out there traders, and don't trade of twitter shills.
| a: breakout of local downtrend, squeeze to wedge resistance.
| b: more consolidation.
| c: breakdown of major trendline/resistance/wedge to 6k resistance.
In order for A or C to be more probable, we'd need some big volume candles / momentum to break those strong areas. It could take a FUD event to do so.
B would give it that juice needed.
I only trade and think in possibilities, and plan for each of those outcomes, this way you're open to perceive whatever the market gives you, and you don't subconsciously ignore what is really happening.
Markets are very choppy atm, be careful out there traders, and don't trade of twitter shills.