Bitcoin has increased in volatility on the daily chart during this consolidation period after the big drop to 18k. This may indicate a big move is coming; a large-scale fakeout or maybe just a large impulse one way or the other.
If we can avoid the red zone marked on this chart the bulls would continue to have a good probability to have a bullish impulse out of this consolidation period.
If we can avoid the red zone marked on this chart the bulls would continue to have a good probability to have a bullish impulse out of this consolidation period.
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Sitting on the edge..Note
Nice increase in volume on that 5m candle. Can the bulls hold the trend support?Note
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Big picture viewNote
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closer-up view of the more precise chartNote
Another rejection from the trend support turned into trend resistance.Note
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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.