baseline_1

BTCUSD set to retest lows

Short
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COINBASE:BTCUSD   Bitcoin
Daily BTCUSD (coinbase)

Almost every bounce is accompanied with a local volume climax (denoted by purple ellipsis), which we don't have right now.
The price has been stagnant in the 6500-7000 range for a few days and if anyone was itching to buy here, they have already done so.

Bearish in short term.
Bearish in medium term.
Bullish long term
Kommentar:
Bearish until proven otherwise by the bulls. For me in the medium term, that means 7600+.
Kommentar:
Proven otherwise!

Bulls lookly _very_ strong right now, even if the market is a bit overextended at this point. I'm expecting some consolidation in the short term, but a showdown at 11800 in the medium term
Haftungsausschluss

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