The daily chart continues to tighten on low volume as we know a break is imminent early this week. The bulls are trying to form a daily higher low, and a break of $6,585 would confirm our daily higher low is set. Note all short term time frames lower than the daily are a bit choppy, though the 4 hour can give us a bit more clarity for levels. __________________________________________ Just as I was typing this bulls broke this $6,585 level. We now have our clear daily higher low at $6,492. This gives us a daily range now of $149 set to break shortly. Both bulls and bears are setting stop orders for when this range breaks.
This is my BTC analysis for Oct 8. I discuss larger time frames | order blocks | potential price movements for next few months | 4h time frame short term move:
This is my BTC analysis for Oct 8. I discuss larger time frames | order blocks | potential price movements for next few months | 4h time frame short term move: