Bitcoin Daily Update
Bitcoin Update
What happened Yesterday
As explained yesterday that price is in a range. Buy Low and Sell High in a Range.
Second Update was to tell you that bull rally is weak and is likely to give Bear scalp than swing.
It tested the PO and Double Bottom Set-up, Bears took profit here and Bulls buy after confirmation.
There was a surprise as Bears expected Wedge to be another Bear Entry but a good Bull bar closing on its High gave them a surprise and Bull broke above the Range and thus two legs up.
What I am expecting Today
For Today, We are seeing resistance currently. Price has a failed breakout above Bull Flag and making me think it is a Final Flag and thus bears will be selling from the Resistance, You can see a short set-up when bulls fail to resume the trend.
It is likely that we might test TO again. That test will give us more information if we are going to see lower prices or trend resumption.
We are rallying with any bar testing or going below the Low of Daily Candle. We had Doji (day before yesterday), Bull Inside Bar (yesterday). Today or tomorrow might give us the Bear day, Price going below PO.
What happened Yesterday
As explained yesterday that price is in a range. Buy Low and Sell High in a Range.
Second Update was to tell you that bull rally is weak and is likely to give Bear scalp than swing.
It tested the PO and Double Bottom Set-up, Bears took profit here and Bulls buy after confirmation.
There was a surprise as Bears expected Wedge to be another Bear Entry but a good Bull bar closing on its High gave them a surprise and Bull broke above the Range and thus two legs up.
What I am expecting Today
For Today, We are seeing resistance currently. Price has a failed breakout above Bull Flag and making me think it is a Final Flag and thus bears will be selling from the Resistance, You can see a short set-up when bulls fail to resume the trend.
It is likely that we might test TO again. That test will give us more information if we are going to see lower prices or trend resumption.
We are rallying with any bar testing or going below the Low of Daily Candle. We had Doji (day before yesterday), Bull Inside Bar (yesterday). Today or tomorrow might give us the Bear day, Price going below PO.
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