Daily BTCUSD (coinbase)
Almost every bounce is accompanied with a local volume climax (denoted by purple ellipsis), which we don't have right now.
The price has been stagnant in the 6500-7000 range for a few days and if anyone was itching to buy here, they have already done so.
Bearish in short term.
Bearish in medium term.
Bullish long term
Almost every bounce is accompanied with a local volume climax (denoted by purple ellipsis), which we don't have right now.
The price has been stagnant in the 6500-7000 range for a few days and if anyone was itching to buy here, they have already done so.
Bearish in short term.
Bearish in medium term.
Bullish long term
Comment:
Bearish until proven otherwise by the bulls. For me in the medium term, that means 7600+.
Comment:
Proven otherwise!
Bulls lookly _very_ strong right now, even if the market is a bit overextended at this point. I'm expecting some consolidation in the short term, but a showdown at 11800 in the medium term
Bulls lookly _very_ strong right now, even if the market is a bit overextended at this point. I'm expecting some consolidation in the short term, but a showdown at 11800 in the medium term