BTCUSD | Is 60k where the bulls get trapped? | Warning Signs
BTCUSD looks like it wants to test this prior high, will it hold? Will it get smashed?
Just gotta wait on price.
We are losing volume which means people aren't submitting requests to bid as much, this simply means lack of demand.
If we get a new high but maintain this divergence and we don't have volume, it could make for a drop.
I'll be adding this to the watchlist for now.
Just gotta wait on price.
We are losing volume which means people aren't submitting requests to bid as much, this simply means lack of demand.
If we get a new high but maintain this divergence and we don't have volume, it could make for a drop.
I'll be adding this to the watchlist for now.
Comment:
If today's WEEKLY candle closes above $59,000 then BTC is most likely poised for a run to $70,000..the candle closes in 8 hours. Watch my new weekly outlook video (1 of 2) and skip to the bitcoin part, I break it down a little deeper.
