5K BTC around Bitcoin halving is likely
$BTCUSD Bulls are trying to break past $8K Resistance and Bears are wanting to push it back to $5K.
Decreasing Volume favours the Bears.
However, #BitcoinHalving fomo is in favour of Bulls. Few buyers makes them look weak !
Risk Reward ratio favours both - Bulls and Bears.
Decreasing Volume favours the Bears.
However, #BitcoinHalving fomo is in favour of Bulls. Few buyers makes them look weak !
Risk Reward ratio favours both - Bulls and Bears.
Trade active:
This is critical level to activate Short trade. It was marked on the chart earlier. BTC has now reached $8200 and would be interesting to see what the Bears do here. Can they drop $BTCUSD back to $5000 ?
Trade closed: stop reached:
Stop Loss hit for Short position.
Long position in profit
Long position in profit
That is a pretty big candle that smashed through the resistance and crashing all hopes for Bears !