BTCUSD
Aggiornato
Hello Traders
I think is the time to get overall picture where we stand with Bitcoin. We will start with daily chart. Swings are getting smaller and more frequent. You can notice that candlesticks getting smaller.
This is indication that momentum struggling to build up speed and strength. Look like are barely archiving our targets. Last swing is built on candlesticks that are half the size of the candlesticks from previous swing.
This is H1 chart:
One-hour chart shows last swing. Here you see candlestick that are very small and getting longer shadows. JP SPECTRUM shows that Bitcoin is in uptrend, but momentum is slowing down. We may not be able to reach first target at 7550.00 and the second at 7700.00.
This is H4 chart:
Last swing just passed over halfway of the last swing as you can see momentum is slowing down then rise of the bitcoin is a bit premature, perhaps?
Also pay attention to orange trend line coming down from green triangle.
Let’s observe next few hours how the price will act based on momentum.
Cheers
Jim
I think is the time to get overall picture where we stand with Bitcoin. We will start with daily chart. Swings are getting smaller and more frequent. You can notice that candlesticks getting smaller.
This is indication that momentum struggling to build up speed and strength. Look like are barely archiving our targets. Last swing is built on candlesticks that are half the size of the candlesticks from previous swing.
This is H1 chart:
One-hour chart shows last swing. Here you see candlestick that are very small and getting longer shadows. JP SPECTRUM shows that Bitcoin is in uptrend, but momentum is slowing down. We may not be able to reach first target at 7550.00 and the second at 7700.00.
This is H4 chart:
Last swing just passed over halfway of the last swing as you can see momentum is slowing down then rise of the bitcoin is a bit premature, perhaps?
Also pay attention to orange trend line coming down from green triangle.
Let’s observe next few hours how the price will act based on momentum.
Cheers
Jim
Nota
Ups, my apology I forgot to show Daily Time Frame. there it is:
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