BTC bulls having hard times, but its a bull flag
Yesterday's dip ended up with another dip buys. As you see that 4H candle started bearish but ended up almost at the middle of previous candle - that is a strong bullish signal. Still the volume under that bounce is rather shitty. Plus I see Dollar Index rising and stocks falling at 4H. Ain't good for crypto.
Bullish factor - yesterday day candle also closed bullish, so I expect BTC to bounce back to 37500-38200 at least and this may take couple of days. After that all depends on if it will overgrow these resistance levels or pull back. Basically now Bitcoin forms a bull flag at daily, so both bearish and bullish scenarios stay valid.
Bullish factor - yesterday day candle also closed bullish, so I expect BTC to bounce back to 37500-38200 at least and this may take couple of days. After that all depends on if it will overgrow these resistance levels or pull back. Basically now Bitcoin forms a bull flag at daily, so both bearish and bullish scenarios stay valid.
Note
Its over
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FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
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Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
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Crypto watchlist - t.me/WiseAnalyzeDCA
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Related publications
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.