BTC want more higher price action
I believe that the bullish trend on Bitcoin is still going strong. The Lux Algo trailing trend market structure indicator is holding steady in the green, although we did experience a pullback at the value area high. I spotted a hidden bullish divergence on the 90-minute market cipher, but the daily trend is showing a shift towards the down VWAP and money flow. The 4-hour trend seems neutral at the moment, but I'm keeping an eye on it because the 12-hour chart might just cross over into the green on the money flow, which could potentially turn the tide back in favor of the bulls.
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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.