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kidze
Aug 25, 2021 11:46 PM

$BTCUSD still bullish 

Bitcoin / United States DollarCoinbase

Description

The double 13 signal the other day likely produced the 2 selling pressure days. However today we saw a strong move that, very importantly, made another price flip. The setup count is now reset to the upside. Yes the yesterday price flip would indicate a good short opportunity, but given the strong move today, producing a piercing line pattern, BTC shorts might want to take a step back and wait for better confirmations.

For myself, I'm still holding my DOGE bags, it is the weak performer so far in terms of holding up to strength. I still look at BTC and ETH to determine the major movement of cryptos.

We can see more confirmations for both sides once we break out of this consolidation
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