$BTC my view on the market with a squiggle.
So far things are looking pretty nice on the daily.
HH-higher high
HL-higher low
The hammer stands for heavy resistance and yellow trend lines are for short term trend resistance
I added the fib levels to give us an idea of where other heavy resistance could be. We are looking to get above the cloud and strongly push out of the sideways pennant
I feel like we will see more volume on the buying side heavily come in as the trend switches around the volume has been steadily dropping from the bear side so i think we will see bulls will come in soon if not this could get ugly for a few months.
HH-higher high
HL-higher low
The hammer stands for heavy resistance and yellow trend lines are for short term trend resistance
I added the fib levels to give us an idea of where other heavy resistance could be. We are looking to get above the cloud and strongly push out of the sideways pennant
I feel like we will see more volume on the buying side heavily come in as the trend switches around the volume has been steadily dropping from the bear side so i think we will see bulls will come in soon if not this could get ugly for a few months.
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