BTC/USD - Rally Base Rally - What's Next?
I do believe we are going to see some more upside here over the next week or so, but believe we are going to see a slight pull back and then higher price action. The red and blue areas indicate the path of BTC, I believe will play out.
Price action painted a sharp move up and out (RALLY) of a weekly/daily demand zone. Then ranged (BASE) for about a day just under a the weekly .786. Moving sharply from this zone to form a small base. I believe price action will rally again to 9150-9300 area, then pull back to previous smaller base or back to the weekly .786 before resuming a stronger run up.
Let me know your thoughts.
Price action painted a sharp move up and out (RALLY) of a weekly/daily demand zone. Then ranged (BASE) for about a day just under a the weekly .786. Moving sharply from this zone to form a small base. I believe price action will rally again to 9150-9300 area, then pull back to previous smaller base or back to the weekly .786 before resuming a stronger run up.
Let me know your thoughts.
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