Here we find ourselves still in limbo mode near the bottom of the structure from early March.
It appears that Bitcoin is creating a structure with a little bit more room to move up. However the global trend is still downward.
The next few days will be critical to see if the the market action turns into a reversal or breaks down continuing the trend!
Watch the trend across multiple time frames! We have multiple triple tops forming which is indicative of bear strength as well as short term bearishness with 1H wavering and high Stochs on shorter term time frames.
45 min | 3H | 12H | 3D
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I am a simple market analyst - not a financial analyst
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