Tight consolidation... BTC dont care and standing strong above 1
Please keep in mind CME gap still not filled. Strong consolidation and looking beefy for a move within the next ten days it will have to choose a direction. I am leaning towards the upside due to the strength of BTC price fundamentals. I know alts have been getting hammered but it seems only when BTC dips alts take it 5 times harder.
I see this consolidation pattern bear/bull flags in the chart. There are bearish and bullish divergence within the chart and I think this tight consolidation pattern is brewing a possible nice move either to the upside or the downside. Once volume is back in think bulls continue this trend at least for the short term maybe atleast back to the first resistance of 11k -11.2k and ponltentially retest the 12.3k but we will see! Alts would make sense to have a nice rebound soon but market is wild so be careful during these uncertain times and dont get wrecked. I'm not a financial advisor this is educational content only do your DD please.
I see this consolidation pattern bear/bull flags in the chart. There are bearish and bullish divergence within the chart and I think this tight consolidation pattern is brewing a possible nice move either to the upside or the downside. Once volume is back in think bulls continue this trend at least for the short term maybe atleast back to the first resistance of 11k -11.2k and ponltentially retest the 12.3k but we will see! Alts would make sense to have a nice rebound soon but market is wild so be careful during these uncertain times and dont get wrecked. I'm not a financial advisor this is educational content only do your DD please.
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