As we see on BTC 1 H chart, there is a lot of sideways movement, which lead to a formation of a strong bull flag. Also seen on 4 H chart. A bit brocken into two parts, but still a bull flag formation.
7400 areas seem to be holding pretty good!
In addition the EMA Ribbons are getting higher, which I think is good sign for bulls. This could launch the next pump up soon.
I hope this happens in the next 24-48 hours, if no big sentiment change and bad news flood in. But in overall the whole week till today has been really good for bulls. The only thing what concerns me a bit that there are to many green day candles already, which we haven't seen before...
Could still lead to a retrace to the 7200 areas, but this can not stop the bulls from pushing higher later.
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
7400 areas seem to be holding pretty good!
In addition the EMA Ribbons are getting higher, which I think is good sign for bulls. This could launch the next pump up soon.
I hope this happens in the next 24-48 hours, if no big sentiment change and bad news flood in. But in overall the whole week till today has been really good for bulls. The only thing what concerns me a bit that there are to many green day candles already, which we haven't seen before...
Could still lead to a retrace to the 7200 areas, but this can not stop the bulls from pushing higher later.
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.