btc volume still dropping into resistance. short term bearish
short term bearish until we catch support at 20.8, or at least drop below that short term yellow trend line i have drawn. mainly because volume is still decreasing while price is increasing slowly. unless we see whales step in and send us above the blue trend line we have formed since the local bottom in june. could see a lot of sideways action until futures open tonight, then make that move up or down based on traditional markets. if we can catch support and see markets open green, run into cpi and get a lower inflation print than last month, we could see 25-26k again, especially being that this friday is a quadruple witching day that could push us higher (or of course on the flip side, we see a higher inflation numbers than the previous month and the quad witching sends us below 17.6k or near it) either way, this will be a very volatile week.
i would also watch for the rejection at 21.8k within the next few hours
i would also watch for the rejection at 21.8k within the next few hours
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