Madrid

A consolidation in the big picture

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin has been consolidating inside a triangle HL-LH. The indicators say bullish, so the recent drop means it is just a corrective move. There is not enough momentum in the weekly to commit a line here. When it won't be a correction any longer and could be called bearish? It will be when there will be closing values below the 6,000 - 7,000. If 7,000 holds then it could become explosive since it has already tested this level before.

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