BitcoinShort
BTC Daily Update
Looks like a possible Inverted H&S may be forming here on the Daily.
- The Binance news didn't seem to affect the market due to their professional handling of the situation.
- The current Daily Candle is hitting the 30 and 10 EMA. (The circled area)
- Give it another day or so to resolve but it'll be interesting to see where this goes.
- The bulls will need some more volume and momentum since it's been 4-6 days of solid upwards price action.
- The Binance news didn't seem to affect the market due to their professional handling of the situation.
- The current Daily Candle is hitting the 30 and 10 EMA. (The circled area)
- Give it another day or so to resolve but it'll be interesting to see where this goes.
- The bulls will need some more volume and momentum since it's been 4-6 days of solid upwards price action.
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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.