Sequential 9 buy coming up? Then retest to 9.45k

27 de mai. de 2020

Looking at the chart it seems that the short term bearish sentiment is fizzling out. I would guess here that we will turn around on the daily on or before the sequential 9 buy (we are on the sequential 7 so far). That should then push us up to the previous trend line support of 9.45k. I then expect a swift rejection down to the moving averages. This break out from the upward channel has seen some price correction but volume has not followed. I believe that volume will follow once we pump up to 9.45k and retest the old trend line, then get swiftly rejected.

BTCUSD