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Two Trends Controlling Price of BTC
It seems we have two trends controlling the price of BTC on a short term timeframe. We should see a breakout of the downtrend / confirmation of the upward trend within 1d 4h.
There has been a significant drop in volume as it seems quite a bit of consolidation has happened around 9300 so long under that price if you are a believer in the short term bullish movement.
There is always a risk that there is a bull trap forming and we will see another steep drop off in the coming few weeks, so I'm not more than 50% invested at the moment.
I'm long term bullish onBTC despite what all the influencers are spreading on twitter. I'm projecting a major upswing in volume in the coming 24hr period which should allow us to realize some direction for the week.
Last night's closing candle confirmed a 4th week of positive price movement and allows me to hold a long position with a target of 10k for the week.
BTC on a short term timeframe. We should see a breakout of the downtrend / confirmation of the upward trend within 1d 4h. There has been a significant drop in volume as it seems quite a bit of consolidation has happened around 9300 so long under that price if you are a believer in the short term bullish movement.
There is always a risk that there is a bull trap forming and we will see another steep drop off in the coming few weeks, so I'm not more than 50% invested at the moment.
I'm long term bullish on
BTC despite what all the influencers are spreading on twitter. I'm projecting a major upswing in volume in the coming 24hr period which should allow us to realize some direction for the week. Last night's closing candle confirmed a 4th week of positive price movement and allows me to hold a long position with a target of 10k for the week.
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