$BTC is still trading in the range that started about 50days earlier.
Volume drying up, accumulation in progress.
Let's see which direction will be chosen by the next volume spike.
Volume drying up, accumulation in progress.
Let's see which direction will be chosen by the next volume spike.
Comment:
As expected, SMA50 broken today with heavy volume in hourly, liquidating shorts.
Next big fight at 42K to get our of the box.
It is very bullish short term, but keep in mind that we are still in the consolidation range, and below SMA200.
Be patient and don't forget to manage the risks !
Next big fight at 42K to get our of the box.
It is very bullish short term, but keep in mind that we are still in the consolidation range, and below SMA200.
Be patient and don't forget to manage the risks !
Comment:
#Bitcoin price got stopped by the upper bound of the box.
Consolidation in progress, all eyes on 42K level & SMA200.
Be ready, an explosive move could happen in the following days.
Consolidation in progress, all eyes on 42K level & SMA200.
Be ready, an explosive move could happen in the following days.
Price is thightening and we are still have a dry-up volume.
We are still expecting a catalyst to provide enough volume to propulse the price.