BTCUSDIs it getting ready for the creation of a new higher high?
I did this same exact analysis a while ago but it got banned
In monthly time frame
We can see that BTC is currently in retracement phase as we expected. There are high probabilities that BTC after is done with this movement will create a new higher high.
Fundamentals:
If we look at the commitment of traders we can see that institutions this week closed 729 short positions and open 54 longs. We can definitely expect institutions to start adding more longs.
In monthly time frame
We can see that BTC is currently in retracement phase as we expected. There are high probabilities that BTC after is done with this movement will create a new higher high.
Fundamentals:
If we look at the commitment of traders we can see that institutions this week closed 729 short positions and open 54 longs. We can definitely expect institutions to start adding more longs.
Wiiso