XBTUSD - Decisions Decision - Breakout or Squeeze incoming ๐
We will know once this next candle closes whether we are going UP in GREEN or DOWN in RED.
If we go down I think we bounce down again into a squeeze which will give XBT to load up the momentum & if we break out I think we will test next resistance at green line.
Either way its going to be interesting for us and there is opportunities - I prefer a squeeze, I love a good squeeze point ^_^
*Novice trader dont take my signals I just want feedback on what you guys think will happen for my own learning - PEACE.
Arguments for Bullish GREEN scenario
-Double Bottom
-MACD looks good
-Bull Hammer seen
Arguments for Bearish RED scenario
-Still in a short term doenward channel
-LL and LH stil very subtle but visible
-XBT loves squeezing itself into every nook and cranny before breaking out usually
If we go down I think we bounce down again into a squeeze which will give XBT to load up the momentum & if we break out I think we will test next resistance at green line.
Either way its going to be interesting for us and there is opportunities - I prefer a squeeze, I love a good squeeze point ^_^
*Novice trader dont take my signals I just want feedback on what you guys think will happen for my own learning - PEACE.
Arguments for Bullish GREEN scenario
-Double Bottom
-MACD looks good
-Bull Hammer seen
Arguments for Bearish RED scenario
-Still in a short term doenward channel
-LL and LH stil very subtle but visible
-XBT loves squeezing itself into every nook and cranny before breaking out usually