blackswanhaven

BTC SHOWING SIGN OF LIFE FINALLY

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BITMEX:XBTUSD.P   Bitcoin
I can't ignore the weekly close, beautiful wick took out previous low and closed just right at resistance.

Let's zoom in to 12H chart. Above price is low volume nodes area, price could easily pushed above and won't linger that much. Lows all taken, 3 cleans highs waiting to be swept. Price currently trading above Dec VWAP, note that there is a VWAP gap to Nov VWAP, should expect price to visit there (8100) sooner or later. Lots of confluence at 8100, fib extension 1:1 lays on that area as well.

If price is able to close above daily OB (8300), we can talk more about btc 5 digits again.
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