Much of the crypto market has gotten a relief rally today with some big news like the US PPI news releasing bullish and the XRP lawsuit.
Regardless, we need to revisit charts and remember the plan. The chart above shows the BTC range just as we were watching it and BTC is about to confirm a candle close breakout.
If we don’t get any swing failure patterns (bull traps) that show up, I will be looking for a move to around the 35k area which gives BTC over 10% to run. This target is largely based on 2 charts below showing the next level of resistance as well as the CME price gap that we identified a couple weeks ago.
Much of the crypto market has gotten a relief rally today with some big news like the US PPI news releasing bullish and the XRP lawsuit.
Regardless, we need to revisit charts and remember the plan. The chart above shows the BTC range just as we were watching it and BTC is about to confirm a candle close breakout.
If we don’t get any swing failure patterns (bull traps) that show up, I will be looking for a move to around the 35k area which gives BTC over 10% to run. This target is largely based on 2 charts below showing the next level of resistance as well as the CME price gap that we identified a couple weeks ago.