Daily: Nice hold on the reversal candle 50 EMA, 103k Support and strong FVG.
Nice volume to support this move when the drop was somewhat due to the attacks involving Israel and Iran.
-We are seeing a slightly lower high and a rejection from that 110 lvl. But as I said on the weekly, w/o a catalyst I think we’ll continue to bounce within the 100-110 range for a bit longer.
Nice volume to support this move when the drop was somewhat due to the attacks involving Israel and Iran.
-We are seeing a slightly lower high and a rejection from that 110 lvl. But as I said on the weekly, w/o a catalyst I think we’ll continue to bounce within the 100-110 range for a bit longer.
Trade active
Correct Analysis of the 1HR Chart-Been holding this upward trendline since it hit 103k support last night and has had pretty consistent buying since then.
- 50EMA is acting as resistance here, and with/volume declining on this move up, I don't think there will be enough bullish conviction to push us through that 50EMA and 106k Resistance level just yet.
-Overall, I remain neutral on Bitcoin until we have a catalyst and decisive move outside of the 100/110k range.
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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.