spyxo2x
Short

Breakout in a few days?! But first to 6k, Bitcoin!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello,

I'm a Beginner in TA and would appreciate feedback.

-Hawk
I agree. No real Capitulation Daily Volume.

The Bull Daily Volume spike when compared with Feb 6th (192K) or even March 18th (89K) is very anemic (44K - 49K).

I think much of this bounce is just Shorts covering, people purely speculating, and noobs jumping in thinking we're about to Moon. It will probably go to circa $7,700 over next day, and then we'll re-test lows. I feel we're still very bearish :-)
+1 Reply
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