After days of sideways movement #BTC getting close to a possible big move on the 4H after forming the Symmetrical triangle so which way will we go ?.
With Macro headwinds and low Volume the most likely move will to the downside especially after the fake out rally rejection at 20.4.
The bullish sentiment being a high number of outflows of #BTC from exchanges over the last 2-3 weeks may point a move to the upside . My personal opinion is that #BTC will move to the downside in the near term before a move to up to break the 20.5 resistance, so do your own analysis as this is my own opinion so good luck guys.
With Macro headwinds and low Volume the most likely move will to the downside especially after the fake out rally rejection at 20.4.
The bullish sentiment being a high number of outflows of #BTC from exchanges over the last 2-3 weeks may point a move to the upside . My personal opinion is that #BTC will move to the downside in the near term before a move to up to break the 20.5 resistance, so do your own analysis as this is my own opinion so good luck guys.
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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.