Bitcoin seems to have had a bullish break of the bearish pennant it was forming last night. Currently we seem to be forming an ascending wedge with the 50 MA above us at a resistance zone at around 10,700. 
The 200 MA is currently acting as resistance for bitcoin now as we are just below. A strong break with volume would be a very good sign. But we still have a potential death cross on the 4 hour coming in a few days so I believe 10,700 (may) be as far as we get
Eth has had some strong signs recently after see a bottom last night but the 50 MA is acting as resistance at 167.43 a break with volume would also be a good sign.
Daily also shows good signs of more upside. All depends mostly on bitcoin
I’m building s crypto trading team. If you’d like to join or have questions feel free to hop into the conversation t.me/joinchat/MAhJ9VHgrqyVQij1OTwE4A
The 200 MA is currently acting as resistance for bitcoin now as we are just below. A strong break with volume would be a very good sign. But we still have a potential death cross on the 4 hour coming in a few days so I believe 10,700 (may) be as far as we get
Eth has had some strong signs recently after see a bottom last night but the 50 MA is acting as resistance at 167.43 a break with volume would also be a good sign.
Daily also shows good signs of more upside. All depends mostly on bitcoin
I’m building s crypto trading team. If you’d like to join or have questions feel free to hop into the conversation t.me/joinchat/MAhJ9VHgrqyVQij1OTwE4A
Note
Eth has yet to break above the 200 MA on the 1 hr. Not looking good short term. Market cypher showing momentum to the downsideNote
Shorter tf on ETH show potential upside swing tho. Lots of mixed signals. If we can break that 200 MA at 197.10 I think we could see more blue skiesNote
We’ve broken out, wicked up to my resistance box and have been rejected perfectly off of it. To continue this celery stick we need a clean cut straight through and put in a new higher high.If not maybe we retest the top of the wedge
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.