So we are facing a retest of the red trendline. I've seen lots of people posting triangle bullish patterns (and that's ok.. ) but I personally think that we should focus on volume. And for what I'm seeing, volume is still decreasing. To me at least, that's bearish.
The key zone for bulls is 9350$, let's see how the daily candle closes today.
My personal bias is bearish, we are still forming lower highs on higher timeframes. Hashrate is still decreasing, the fib on the chart could play out if we can't break 10k.
Safe trading
The key zone for bulls is 9350$, let's see how the daily candle closes today.
My personal bias is bearish, we are still forming lower highs on higher timeframes. Hashrate is still decreasing, the fib on the chart could play out if we can't break 10k.
Safe trading