Bitcoin

BTCUSD Equilibrium

79
Dump on BTCUSD yesterday is still just a higher low, so I wouldn’t consider it a real break. The volume was not significant and the dump was wicked right back to the original trend. The equilibrium pattern will just extend and as long as it continues to form lower highs and higher lows, I would expect a break as early as this weekend but more likely mid-week next week. Volume will confirm the direction.

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.