SublimeTraders

Daily analysis XBT/USD 001

BITMEX:XBTUSD.P   Bitcoin
After breaking the 7300 mark yesterday, BTC USD is currently standing at around 7400 and failed to depass the previous high of 7464.5 leaving us in an uncertain period on the hourly chart. Failure to create a higher highh could mean that the market is not yet ready to continue and a reverse might be possible as we also hit overbaught on the daily chart.

Our recomandation for now is : Hold your trades until we have a higher high.


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