Is short canceled? Bitcoin analytics 04.11
Hello, friends! Lemon Insiders team stay in touch.
Our short has gone on stop and we revised the schedule. We came to some conclusions:
1. There is no reaction to breaking through the global descending (the volume do not jump out, there are no impulsive sales)
2. We continue moving in the flat range of 6150-6500. Only exit from this range to one of the parties will be able to predict further movements.
3. Long with short are crossed. And if we consider that major player took the short, we can assume he closed his short. This action suggests that we are unprobably to see a sharp fall in the near future.
4. MACD shows bulls hold strength, although the minimum, but they made it so that the price went higher without a strong correction. This tells us the buyer, although weak, but clearly stronger than seller.
Locally is possible increasing. If we break through the level of 6500, we can fly up to 6650-6700. Today is generally a beautiful green day, the altcoins are also well pumped, but somewhere a correction should begin. It will be either from these points or higher. But it seems more there will not be a strong correction and we will simply continue flat in the previously specified range.
Thank you for your attention!
Our short has gone on stop and we revised the schedule. We came to some conclusions:
1. There is no reaction to breaking through the global descending (the volume do not jump out, there are no impulsive sales)
2. We continue moving in the flat range of 6150-6500. Only exit from this range to one of the parties will be able to predict further movements.
3. Long with short are crossed. And if we consider that major player took the short, we can assume he closed his short. This action suggests that we are unprobably to see a sharp fall in the near future.
4. MACD shows bulls hold strength, although the minimum, but they made it so that the price went higher without a strong correction. This tells us the buyer, although weak, but clearly stronger than seller.
Locally is possible increasing. If we break through the level of 6500, we can fly up to 6650-6700. Today is generally a beautiful green day, the altcoins are also well pumped, but somewhere a correction should begin. It will be either from these points or higher. But it seems more there will not be a strong correction and we will simply continue flat in the previously specified range.
Thank you for your attention!
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