HI All, Crypto sludge here.
With the CME quarterly bitcoin futures expiring, yesterday we saw a massive upwards price action and the price holding in the 6200$-6300$ area.
So what now? is the bear market over? It's way to early to tell. We will need to get some strong confirmations over the higher time frames, but for now, we are in a small no-trade zone on the 1H chart, but with a positive momentum.
I am personally out of the market for now, but If you are feeling lucky, we had the TD9 Buy signal, 6450$ will be the confirmation of this signal (the dotted read line) and 6250$ is your stop loss which will confirm the rejection of this TD 9 Buy.
Trade ON!
Crypto sludge.