Break out of downtrend with a massive 12% daily candle after tapping weekly demand zone and the CME gap which was the supply to demand flip.
Weekly close showing a pin bar on the prior week and now we are currently consolidating just below a daily supply level. MACD open weekly starting to show signs of strength here too.
Looking for a pullback and the formation of a HL to flip bullish here.
Market outlook is looking greener on a whole here with some relief coming in for BTC and alts. Lets see what the new week brings for the markets.
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.