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Welcome to this quick BTC update.
BTC is going good so far. It is breaking out from the inverse head and shoulder pattern. But the real concern here is the volume. Volume is continuously decreasing and price is going up which is not a good sign for the market.
Market is in overbought condition. We might see some correction from here.
Strong support for BTC is at $19,800-$20,200 level.
What do you think about this? Do you think we see a correction from here or do you think that we see more pump? Share your views in the comment section.
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Nice idea thanks for posting. I don’t think head & shoulder gonna work but a little pump can be expected and BTC go near important 20-day EMA which is difficult to break due to low volume, if breaks then Strong 50-day MA ahead