The weekly (left) have closed bullish. This candle has gained the highest this year at 25.56%. We may expect a correction soon or is now underway.
On the monthly (right) chart, closed with a very large momentum candle with a little wick on the downside.
Will the bull run continue? Buying sentiments are still there so be careful with shorting BTC. Trade only what...
Bitcoin consolidated in the Failure Zone between $6.5k to $6.6k and then closed above it twice. The last close was a bullish bounce from the 4H Pivot 2 B.
As long as we're keeping above Pivot 2 and maintaining the range within this channel, we're likely to move towards the Daily Failure Zone.
Breaking Pivot 1 would be bearish.
For swing trades,...