An unexpected rip happened today. Is it sustainable?
Some bullish signs is the large volume and breakout from falling wedge with retest.
Bearish sign is the rejection from the daily 12 ema.
I believe BTC will test the daily 12ema more strongly again, butting on it for a while.
The test is the break above the daily 12 ema, which would be very bullish or rejection again from the daily 12ema which will send price back into the wedge.
Some bullish signs is the large volume and breakout from falling wedge with retest.
Bearish sign is the rejection from the daily 12 ema.
I believe BTC will test the daily 12ema more strongly again, butting on it for a while.
The test is the break above the daily 12 ema, which would be very bullish or rejection again from the daily 12ema which will send price back into the wedge.
