Hello traders,
BTCUSD bands are narrowing quickly, therefore, volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. In this case a slight pullback is indeed in the cards before upward pressure towards 6000 - 6200 for more bull attraction.
Shorter bearish flags are pointing in a descending wedge since the last bear engulfing candle and each low is lower than it's prior on the 1 hour.
I think we will see an advance very quickly taking our total MCAP in crypto around 192B by 5/9.
5500 < Bear Flash short (false breakout)
5600> Bullish sentiment long
Psycho support: 5650
Major support: 5500
Resistance : 5800
Target: 6000-6100 Monday / Tuesday.
Sharp Correction after 6300 is reached short 30-40%
BTCUSD bands are narrowing quickly, therefore, volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. In this case a slight pullback is indeed in the cards before upward pressure towards 6000 - 6200 for more bull attraction.Shorter bearish flags are pointing in a descending wedge since the last bear engulfing candle and each low is lower than it's prior on the 1 hour.
I think we will see an advance very quickly taking our total MCAP in crypto around 192B by 5/9.
5500 < Bear Flash short (false breakout)
5600> Bullish sentiment long
Psycho support: 5650
Major support: 5500
Resistance : 5800
Target: 6000-6100 Monday / Tuesday.
Sharp Correction after 6300 is reached short 30-40%
-/- Crypto Rumor -\-
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
-/- Crypto Rumor -\-
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.