Currently watching two potential short-term patterns, one bullish and one bearish.
The first is a bull flag, which (if confirmed) could take us through major resistance at $10,000.
The second is a potential head and shoulders pattern, which would indicate healthy daily consolidation taking us back down to the $8,500 range.
Currently waiting for a break of the range that we're in to determine which pattern plays out.
Either way, bulls are in control until the bears prove otherwise.
The first is a bull flag, which (if confirmed) could take us through major resistance at $10,000.
The second is a potential head and shoulders pattern, which would indicate healthy daily consolidation taking us back down to the $8,500 range.
Currently waiting for a break of the range that we're in to determine which pattern plays out.
Either way, bulls are in control until the bears prove otherwise.
