BTCUSDT Perpetual ContractUpdated BTC EZ
Looks like we have the same pattern but flipped downward. (More bearish than the other was bullish since the highs are lower)
You can also see that there's more volume at each level upwards, this isn't bullish in my opinion since if we fall we have pressure from above with little support below.
Should be easy dip buy then possible short from the resistance since this is where most of the volume was traded.
If we break up past 47k then 55k should be an easy target.
You can also see that there's more volume at each level upwards, this isn't bullish in my opinion since if we fall we have pressure from above with little support below.
Should be easy dip buy then possible short from the resistance since this is where most of the volume was traded.
If we break up past 47k then 55k should be an easy target.
Note
Lets see how easy 55k is
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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.