Bitcoin Daily Outlook
*I am bullish above $40,500. If we see any minor pullbacks, they may serve as good entries for longs. I expect more volatility to end the week.*
Daily:
Bitcoin closed bullish once again and we are now trading above major support at $40,500. We could see a higher low formed from these levels that could push price back up towards our next support level of $45,500. I expect some more volatility to end the week and if we can maintain this support level , we should see larger moves come before the end of the month. We are currently +1,000 pips on our swing trade and I believe we have more room to continue higher. I will look for reentry opportunities tonight and tomorrow.
Intraday:
The intraday was volatile. We broke intraday structure and traded up about 1,800 pips in the market. We still have two days left in the trading week and I believe we will continue higher. Any minor pullbacks may serve as good entries for swing positions higher.
Daily:
Bitcoin closed bullish once again and we are now trading above major support at $40,500. We could see a higher low formed from these levels that could push price back up towards our next support level of $45,500. I expect some more volatility to end the week and if we can maintain this support level , we should see larger moves come before the end of the month. We are currently +1,000 pips on our swing trade and I believe we have more room to continue higher. I will look for reentry opportunities tonight and tomorrow.
Intraday:
The intraday was volatile. We broke intraday structure and traded up about 1,800 pips in the market. We still have two days left in the trading week and I believe we will continue higher. Any minor pullbacks may serve as good entries for swing positions higher.
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