The BTC/USD trading pair seems to be stuck at the first arc pair of a daily Gann Square set-up. Volume seems to be declining today which could mean that people are not happy to buy at these levels.
I conclude that we either break free of the arc pair today or tomorrow or a decline takes place to the top of the first square around 8500.
Please note that a bullish crossover of EMA 20 & SMA 50 is immanent which can either lead to advance in price or may be used by operators (Wyckoff) to trigger some stop buys and short the market.
I conclude that we either break free of the arc pair today or tomorrow or a decline takes place to the top of the first square around 8500.
Please note that a bullish crossover of EMA 20 & SMA 50 is immanent which can either lead to advance in price or may be used by operators (Wyckoff) to trigger some stop buys and short the market.