TraderCobb

Bitcoin above support but nothing to be too bullish about yet

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As it stands we are holding above 6500. We are still in a daily and weekly down trend and this move looks to be pulling back into the cradle as it has done many times before. Markets are feeling out where to from here. I am staying focused on my strategies and waiting for the best trends to emerge. Buying came in hard and fast over 2 x 15 minute candles. What we can read into this I am not sure but it happened and we must observe and try to learn when we can.

Comments

I agree Last 3 pumps came either in 1 or 2 x 15 mins candles. This only points towards short squeeze and nothing else. There is absolutely zero follow through.
Reply
TraderCobb tammy007
@tammy007, So far this is correct, will see if the market has bought it and will keep buying it up
+1 Reply
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