If we take a look at BTC, at first it looks like we might be recovering for the next move higher, and we might be, but if we look closely at the overhead resistance with low (and weakening) volume, this doesn't give us enough green signals to be bullish just yet.
We need to break 58k and hold this level or we may head lower still. I won't be looking to enter any trades until we clear and hold 58k.
We need to break 58k and hold this level or we may head lower still. I won't be looking to enter any trades until we clear and hold 58k.
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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.