BTC daily M pattern
Updated
TECHNICAL: As on the Weekly timeframe, BTC has printed a M pattern on the daily timeframe. With Bullish Patterns on the Weekly and daily timeframes a short term price increase can be expected. Intraday Timeframes will be analyzed to determine an entry point for the completion of the pattern at the Neckline.
FUNDAMENTAL: Exchanges reserves of BTC are at an all time low suggesting selling pressure is decreasing.
FUNDAMENTAL: Exchanges reserves of BTC are at an all time low suggesting selling pressure is decreasing.
Note
UPDATE: Our intraday conformations were not triggered resulting in a NO TRADE.
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