[BTCUSD] BITCOIN LIKES FLAGS! AND VOLUME TELLS A BEARISH STORY
Atualizado
Bitcoin is currently stepping into, and out of the blue channels. It formed a bearish flag and went up, only to form a bullish flag.
This overall uptrend that we're in seems to be losing momentum. If you look at the volume in the 4h or daily, you can see that majority of the candles are red, even though we're in what seems to be an uptrend.
On the daily, it really needs to close above the 10,000 which is an important psychological level that we need to successfully break through, for BTC to be considered in a trend reversal to the upside.
The recent breakouts on 4/24 came with relatively modest volume, and almost immediately was followed by a bigger red bar of volume. This makes this breakout suspicious, thus making this whole bull run.. well struggling
A clear break with high convincing volume above the 10,000 psychological level is need for this to be a bull run.
//This info is not recommendation to buy or sell. it is merely for informational purposes//
This overall uptrend that we're in seems to be losing momentum. If you look at the volume in the 4h or daily, you can see that majority of the candles are red, even though we're in what seems to be an uptrend.
On the daily, it really needs to close above the 10,000 which is an important psychological level that we need to successfully break through, for BTC to be considered in a trend reversal to the upside.
The recent breakouts on 4/24 came with relatively modest volume, and almost immediately was followed by a bigger red bar of volume. This makes this breakout suspicious, thus making this whole bull run.. well struggling
A clear break with high convincing volume above the 10,000 psychological level is need for this to be a bull run.
//This info is not recommendation to buy or sell. it is merely for informational purposes//
Nota
I was right.. That uprend didn't have momentum and sunk.. Let's see now if it breaks the recent low of 7950
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