Based on the picture of the price movement and the accompanying volumes, we suggested in the previous analytical review that bears are slightly tired and bulls are going to make an attempt to push the price through a three-month defense wall of bears.
The rocket was launched, and did not have time to give everyone an opportunity to jump into the movement. At the moment, we can see sell appearing. This is also linked to fixing profits partially and perhaps bears are beginning to increase positions.
Concerning our trades, we are considering to sell Bitcoin from the calculated zone above the current price, from the level of 5610 US dollars. Of course, if there are bears interested in adding short positions and corresponding Price Action patterns.
Follow us on the air, we will try to give you a prompt update about the possibilities and options.
Wish you all success and good trades!
* All KYRREX publications are made solely for informational and / or marketing purposes and should not be construed as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account goals and situations of a particular trader in its analytical publications and is not responsible for any loss as a result of investment based on published analytical materials.