Bitcoin Daily Outlook
*We are entering an area of indecision, the markets may become choppy but I also expect an increase in volatility to occur. Tread carefully*
Daily:
We have closed bullish once again, maintaining structure and staying above major support at $40,500. We should see continuous moves higher from here and I will look to enter from any pullbacks based on our current intraday structure. If we can stay above our major support level, we’ll see $43,500 then $46,000. The overall trading day had mild volatility and decent volume, we should see an even bigger move to end the week so I expect more volatility between now and Friday.
Intraday:
We had a rather low impact day as we continued to build intraday structure above our major support level. We saw a volatile move early in the morning followed by another tight consolidation. I will be looking to go long from any good pullbacks based on our current structure. I’ll pay close attention for the intraday for potential setups.
Daily:
We have closed bullish once again, maintaining structure and staying above major support at $40,500. We should see continuous moves higher from here and I will look to enter from any pullbacks based on our current intraday structure. If we can stay above our major support level, we’ll see $43,500 then $46,000. The overall trading day had mild volatility and decent volume, we should see an even bigger move to end the week so I expect more volatility between now and Friday.
Intraday:
We had a rather low impact day as we continued to build intraday structure above our major support level. We saw a volatile move early in the morning followed by another tight consolidation. I will be looking to go long from any good pullbacks based on our current structure. I’ll pay close attention for the intraday for potential setups.
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