Hi everyone
Hope all had a safe and celebratory July 4th weekend. You maybe tired and hungover, but I am of the belief that BITCOIN IS NOT. I think it is gearing up for a bullish run of around 15% during the start of Monday and into the work week.
We've seen some price consolidation since the June 26th highs of 14K with increasing volatility we haven't seen in a long time. BTCUSD traded in the range of 9.7K and 13.8K during the span of 11 days.
I think we have ourselves a textbook symmetrical triangle pattern with price set to breakout into the green while looking at the hourly. RSI is sloping downward indicating some selling pressure and volume is down overall.
I think with short-term MA above the long-terms (25 & 50) on Monday we will see a turnaround in confidence and price will continue the bullish pattern that was begun on July 2nd.
Let me know what you guys think!
Thanks so much!
Hope all had a safe and celebratory July 4th weekend. You maybe tired and hungover, but I am of the belief that BITCOIN IS NOT. I think it is gearing up for a bullish run of around 15% during the start of Monday and into the work week.
We've seen some price consolidation since the June 26th highs of 14K with increasing volatility we haven't seen in a long time. BTCUSD traded in the range of 9.7K and 13.8K during the span of 11 days.
I think we have ourselves a textbook symmetrical triangle pattern with price set to breakout into the green while looking at the hourly. RSI is sloping downward indicating some selling pressure and volume is down overall.
I think with short-term MA above the long-terms (25 & 50) on Monday we will see a turnaround in confidence and price will continue the bullish pattern that was begun on July 2nd.
Let me know what you guys think!
Thanks so much!