Update: BTC breaks 2M Bear + Kijun cross | Stoch RSI overbought
Yesterday's short squeeze broke two months of heavy bear resistance and caused a Kijun cross at the 1D-level. With the additional upward support during today's trading the 1D Stoch RSI shows heavy overbuying which could be a bearish signal on the short-run.
Next targets for bullish confirmation:
(1) succesful retesting of the Kijun
(2) Tenkan-Kijun cross
(3) breaking 5M Bear @ ~9K USD - this also means testing or entering the Kumo cloud.
Happy trading!
Next targets for bullish confirmation:
(1) succesful retesting of the Kijun
(2) Tenkan-Kijun cross
(3) breaking 5M Bear @ ~9K USD - this also means testing or entering the Kumo cloud.
Happy trading!