BTC Update!
Real quick update as I have a busy week. Yesterdays chart continued watching $6390-6410 resistance area and we got the bull break above this morning. Leading up to that as a bullish sign was our EMAs crossing over which we were also watching for yesterday. Concern next was trying to then get to $6800 just to complete inverse head and shoulders pattern. Strong resistance area as well as 50 Day MA also resistance prior to that and 4 hour RSI would be overbought. So that is what we are facing now. Likely bulls do not get there on this attempt and need to consolidate and form a higher low. Think the question will be is the higher low just a re-test towards $6400 to see if it can now act as support or do we shift towards daily where anything above $6075 is a healthy higher low. This would put us into an equilibrium pattern to then watch.
Happy trading/investing/hodling/etc!
Just My 2 Sats!
