Although we are in an accumulation phase, shown clearly on the hourly chart of BTC, the fact that price sliced through the top of what was previous resistance shows that it wants to go lower for another leg within the accumulation phase
Ideally, 10380 - 10400 would have have been support for an eventual further move up
A drop back to 10200 is imminent
Ideally, 10380 - 10400 would have have been support for an eventual further move up
A drop back to 10200 is imminent
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GreyPool.io
Try our automated trading strategies at: greypool.io
Try our automated trading strategies at: greypool.io
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.