BTC monthly Bullish Engulfing
Updated
#BTC
The market hovered at 8200 resistance, which is still not managed to break. In the short and medium term, the situation looks tense and we can still roll back to supporting the downtrend. But if you look at the 1-month scale chart, we see a very strong green candle, which indicates bullish absorption and is a good sign.
The market hovered at 8200 resistance, which is still not managed to break. In the short and medium term, the situation looks tense and we can still roll back to supporting the downtrend. But if you look at the 1-month scale chart, we see a very strong green candle, which indicates bullish absorption and is a good sign.
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.