While we are currently entering a consolidation the pre trend was extremely bullish so we are still looking to see price continue to at least the next resistance. I have marked on the chart the current point of support where a possible downtrend might start,
We are seeing some weakness in the GBP at the moment with the momentum channel being broken. We are either going to see an explosive move to the upside if price closes above the next resistance or we might retrace back down to the deficit.
This is a technical outlook on the movement of bitcoin in the short term. I have explained in the chart what I am expecting (My Bias is shorts) and below you will find images of the 1D and 1W charts.
This is the daily chart
This is the weekly chart
We could see AAL moving back back to the previous POC as indicated in the chart before moving to the upside there is a a lot of positive news surrounding the stock and then downside movement is somewhat of a divergence.
There is also news of large whales making large bullish options plays on the stock.
Expecting price to move back to the $19 price range before...