Reaction off of the "Defense zone" is very positive. Dragonfly Doji on the Daily, and Demark 9 count so far on the Weekly. BTCUSD surely oversold.
However to get a full good news stack, BTCUSD needs to recover the "New Repair" line.
Bulls might like to scale in on a clear break above the "Second Most Important Trendline in Crypto"
Aggressive bulls are surely scaling in now. Bears and shorts still lurking though. Look for short squeeze action.
Still room to consolidate and put orders in for dips in the defense zone and below. If you are a bull you are clearly not alone.
However to get a full good news stack, BTCUSD needs to recover the "New Repair" line.
Bulls might like to scale in on a clear break above the "Second Most Important Trendline in Crypto"
Aggressive bulls are surely scaling in now. Bears and shorts still lurking though. Look for short squeeze action.
Still room to consolidate and put orders in for dips in the defense zone and below. If you are a bull you are clearly not alone.
