Well...well....well, Bitcoin holding its grounds very.....very well. I love that sideways move, now What's next?. Where the next arrow will be pointing out? Well looking at price action and seeing how well bulls have been defending their line and knowing that bears still have some TIME left we can forecast next move and as of matter of fact it is the most important move for Bitcoin Daily uptrend structure.
Bitcoin most likely will try to clear shorts above the $95k line then will retrace to go down one more time and get rid off longs below the $93500 line with a big nasty wick then continue higher. Bears still have like 30 1hr candles to make its last move and for the Daily chart still the same , it hasn't change a bit, but will have a good reading of it after the 12th. Bitcoin is fine as long as it stays above its Daily Zero Line. Buckle up ladies and gentlemen wild volatility is coming back.
Bitcoin most likely will try to clear shorts above the $95k line then will retrace to go down one more time and get rid off longs below the $93500 line with a big nasty wick then continue higher. Bears still have like 30 1hr candles to make its last move and for the Daily chart still the same , it hasn't change a bit, but will have a good reading of it after the 12th. Bitcoin is fine as long as it stays above its Daily Zero Line. Buckle up ladies and gentlemen wild volatility is coming back.
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Damn, that was fast and more pump than expected. well now is TIME to go and rekt Long stop loss in the area of $94865 and $93500 then the sky is the limit as long as it stays above the Daily Zero Line.
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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.