XBT has failed to break resistance 3 times now.
overall trend still bullish however we are long over due for a pullback.
I think we should see some new market structure here and perhaps a drop down to the demand zone. I will be watching closely for shorts
XBT/USD 4hr
XBT has created new market structure and we are back to the price level pre covid-19
There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it.
XBT is a no trade zone for me at this stage. I will be looking for shorts...