As you can see the breakout attempt we've spoken about in our last couple of updates is currently in progress.
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Movement over the last 24 hrs doesn't tell us too much beyond the fact that the Market is consolidating.
What we can see is that new buyers are coming in to support the market at higher and higher prices which supports a continuation of the recent upswing. While we cannot say is when this will trigger, we see ...
If you are at all bullish Bitcoin in general, then this market has done all it should need to to tempt you in @ $90, which represented a re-test of longer term rising support and 'fair value' within this context.
Does this mean that the sell-off is over? Well, as ever we can never know, but what we can say with ...
Having failed to retest its high at $136, this market has came under increasing pressure, with supports at $125, $115 and $110 putting up less and less of a fight. It is looking increasingly likely that bears are taking aim at longer term rising support (shown in Blue) that joins previous Lows, but this may not ...
This pair look similar to GBPJPY this time last week. Having surged North upside momentum is finally evaporating as Bears grow in confidence.
For me the upside battleground is at 131.30. If we try and fail to trade back through it today I will enter Short targeting 125.60. Stop aove 1.33