GreyPool

Once More Into the Fray BTC - Down Again

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Although we are in an accumulation phase, shown clearly on the hourly chart of BTC, the fact that price sliced through the top of what was previous resistance shows that it wants to go lower for another leg within the accumulation phase

Ideally, 10380 - 10400 would have have been support for an eventual further move up

A drop back to 10200 is imminent


GreyPool.io

Try our automated trading strategies at: greypool.io
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.