BTC- Rise- pullback- liftoff
Almost two months into the uptrend and,it seems that BTC is well into the green zone judging from the weekly timeframe.
Bitmex OI just hits 10 figures, but I want to see a little bit more volume.
Binance OI is rising steadily and long consistently hovers above 50% the past 30 days. We can assume the rise of OI coincides with the rising bullish sentiment.
Overall, volume is rising steadily across all exchanges over the past 30 days which validates the uptrend movement.
Ongoing shorts liquidation at the time of this writing...
I think BTC is due for another pullback to sub 9k area or it may attack 9.8k- 10.3k region, then retraces back to between 8.6k to sub 9k.
Mid -term outlook looks bright for BTC :)
Bitmex OI just hits 10 figures, but I want to see a little bit more volume.
Binance OI is rising steadily and long consistently hovers above 50% the past 30 days. We can assume the rise of OI coincides with the rising bullish sentiment.
Overall, volume is rising steadily across all exchanges over the past 30 days which validates the uptrend movement.
Ongoing shorts liquidation at the time of this writing...
I think BTC is due for another pullback to sub 9k area or it may attack 9.8k- 10.3k region, then retraces back to between 8.6k to sub 9k.
Mid -term outlook looks bright for BTC :)
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