Damn bears destroy what it was a beautiful trend but Bulls still have one more week to try to finish the job right. TIME will tell.
Alright now that volatility has subside (for now) we can see what the numbers will be for the next 2 to 3 days and doesn't look too good unless bulls are able to climb back up and stay above the $107k within the next 48hrs.
Weekly hasn't changed at all and is to the Upside.
Daily also still to the UPside but showing weakness.
Lets see if the 4hrs TF which is in bullish mode, can fix the damage that bears did today.
Lets see what the weekend brings. No popcorns today ladies and gentlemen.
Alright now that volatility has subside (for now) we can see what the numbers will be for the next 2 to 3 days and doesn't look too good unless bulls are able to climb back up and stay above the $107k within the next 48hrs.
Weekly hasn't changed at all and is to the Upside.
Daily also still to the UPside but showing weakness.
Lets see if the 4hrs TF which is in bullish mode, can fix the damage that bears did today.
Lets see what the weekend brings. No popcorns today ladies and gentlemen.
Trade active
Alright ladies and gentlemen from here on Bitcoin entered its third and last stage of the 4hrs Bullish Cycle , whatever high price prints that will be it and it will follow with a decent retrace.The worst case scenario is: If price doesn't advance in this last stage and stays in a range by the end of next week then you better run for the exits cause if next drop starts from below $106k the probabilities are very high that $102k won't hold and very likely will breach $100k line support. Lets see how bulls play their last hand of the month. Buckle up ladies and gentlemen we're heading into wild volatility again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.