BTC finally broke through
Updated
We're seeing buyers pop their head back up after a 6-7 day long accumulation period, Quickly buying BTC back up on sunday evening, forming a huge wick on the weekly chart....
This is good
The expectation now would be to continue straight up, Or have a minor pullback to the 65-67k area, then continue up.
Digging through 70k should just be a matter of time, Just need to allow traders to book some profits
A H4 close above 70k would also be a nice long signal, buying some right away and also on the retest (if we get one)
This is good
The expectation now would be to continue straight up, Or have a minor pullback to the 65-67k area, then continue up.
Digging through 70k should just be a matter of time, Just need to allow traders to book some profits
A H4 close above 70k would also be a nice long signal, buying some right away and also on the retest (if we get one)
Note
H4 closed as bullish rejection from 70k.Interesting to note that buyers reached for 70k very late during the H4 candle formation, which could indicate that buyers just wanted to tap it to create sellers in order to buy it back from them (weak to strong hand transfer)
If the next H4 candle closes bearish with a wick to the downside, it's a great time to buy cause sellers have been given an entire H4 candle to do their thing after the 70k touch
if the next H4 candle closes bullish there will be a nice break-and-retest opportunity at 70k
Note
Note
BTC just retested 70k A bearish H4 rejection would be a nice long signal
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