Local resistance is 38K. Path to Valhalla potentially at 42.7K. Rejection at 38K could mean break to lower lows (28K). Break of wedge to upside means challenge of 42.7K.
Long @ 108.838 SL: 108.609 TP: 109.7
I'm looking for a BTC pull-back here. This looks exhausted and I think we've seen a short-term top. I'll be a buyer at the 55 Day EMA which, oddly enough, should be soon lining up with a .382 Fib retracement.
This is a great looking chart. MACD on the daily is about to turn over. Cross on the 9/26 EMA is about to turn bullish. We faked out of that falling wedge to the downside on the recent BCT dump, bounced off a high volume node and found support, and are now potentially looking for a breakout beyond the 24/25 sats levels. This is a low sat Binance coin, with a...
We just fell out of the rising wedge we have been in for several days, and support held within the channel. I'll be waiting for the next technical pattern to emerge, and look for a short entry. I'm not looking to rush this. I probably have another few days for this to work its way thru the channel and draw in more retail long liquidity before we head lower.
We keep getting higher lows in this triangle, hourly candles wick into buying pressure. We're reaching a decision point on this structure, at just the same time MACD and Stoch RSI are turning bullish on the 1hr. SL set at $6485. I'm confident we'll hit $6625 before running into resistance. I worry about getting stopped out on this one before target met since...