Bitcoin Daily Outlook
*As I said yesterday we entered an area of speculation and choppiness. Which was seen on the intraday and by our daily doji closure. We need to see tomorrow's closure to confirm there isn't a fake-out occurring.*
Daily:
Bitcoin closed as a doji showing indecision at a speculative period in the market. This was expected as I said yesterday. We saw an increase in volatility coupled by a choppy market. Our structure is looking good and if we can close higher on the daily tomorrow or Friday then it will be very likely we see $46,000, rather quickly. Our intraday and daily structure are both bullish and unless we have a steep drop tomorrow, we should be out of the woods when it comes to any potential fake-outs on the daily. I will monitor the intraday to look for one more setup for the week.
Intraday:
The intraday was choppy and volatile as predicted. We are in another area of speculation, where the market and its structure will be hard to accurately predict. We saw about 2,500 pips worth of movement and we should see even more movement tomorrow through Friday. Our structure is bullish and I will keep my eye out for a potential setup.
Daily:
Bitcoin closed as a doji showing indecision at a speculative period in the market. This was expected as I said yesterday. We saw an increase in volatility coupled by a choppy market. Our structure is looking good and if we can close higher on the daily tomorrow or Friday then it will be very likely we see $46,000, rather quickly. Our intraday and daily structure are both bullish and unless we have a steep drop tomorrow, we should be out of the woods when it comes to any potential fake-outs on the daily. I will monitor the intraday to look for one more setup for the week.
Intraday:
The intraday was choppy and volatile as predicted. We are in another area of speculation, where the market and its structure will be hard to accurately predict. We saw about 2,500 pips worth of movement and we should see even more movement tomorrow through Friday. Our structure is bullish and I will keep my eye out for a potential setup.
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