With cash sitting on the sideline, I am looking at entering the market again. I am seeing a lot of the things I need to see to get back into the market. First let’s look at the chart of BTC itself:
So here we have BTC. We are seeing the %SMA Oscillator breaking through the sloping resistance. This is a good sign that the price will follow. Keep in mind we would need to see the 3D candle close above this line. With that being said, there is still the chance of a retest that could bring the price lower in the short term. The fact that the Stochastic is also breaking out at the same time is a good sign. The last thing we need to see is a higher high. This would confirm the uptrend and make us go bullish again.
Happy Trading!
So here we have BTC. We are seeing the %SMA Oscillator breaking through the sloping resistance. This is a good sign that the price will follow. Keep in mind we would need to see the 3D candle close above this line. With that being said, there is still the chance of a retest that could bring the price lower in the short term. The fact that the Stochastic is also breaking out at the same time is a good sign. The last thing we need to see is a higher high. This would confirm the uptrend and make us go bullish again.
Happy Trading!