BTC Update! Watching Daily Inside Bars!

By My2Sats
Keeping a close watch for daily inside bar break. We had our initial break down to $7427 two days ago with high of that candle at $8105. Yesterday we saw an inside bar with high at $7933 and low at $7570. And again today we are on a daily inside bar. Bulls really want to hold $7570 or risk a daily inside bar bear break and crashing to lower lows on this pull back as I do expect lots of stop losses to trigger for anyone in positions and with $7427 not too much lower, I'll expect bears would drive price down to that and again trigger even more stop losses.

Just My 2 Sats!
BTCBTCUSDInside BarSupport and Resistancetrading

Related publications

Disclaimer