Bitcoin has increased in volatility on the daily chart during this consolidation period after the big drop to 18k. This may indicate a big move is coming; a large-scale fakeout or maybe just a large impulse one way or the other.
If we can avoid the red zone marked on this chart the bulls would continue to have a good probability to have a bullish impulse out of this consolidation period.
If we can avoid the red zone marked on this chart the bulls would continue to have a good probability to have a bullish impulse out of this consolidation period.
Comment:
Sitting on the edge..
Comment:
Nice increase in volume on that 5m candle. Can the bulls hold the trend support?
Comment:
Comment:
Big picture view
Comment:
Comment:
closer-up view of the more precise chart
Comment:
Another rejection from the trend support turned into trend resistance.
Comment: