BitcoinShort
Bears stay in control.
Small consolidation zone between 27th August and 3rd September. 4th September saw price dropping out of the zone and a strong bullish rejection from the bullish breakout line. The move was wiped out completely the next day and thus turned into a bull trap.
Today the bullish breakout from 8th August was filled with a rather weak rejection.
The measured move down and the still unfilled bullish breakout from 5th August indicate price targetting the 50-52K zone ... at least.
Over the last 12 days we only say one strong bullish candle. Bears are definitely in control.
Today the bullish breakout from 8th August was filled with a rather weak rejection.
The measured move down and the still unfilled bullish breakout from 5th August indicate price targetting the 50-52K zone ... at least.
Over the last 12 days we only say one strong bullish candle. Bears are definitely in control.
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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.