If tomorrow we see the bitcoin price increase and hit the green box, this could be confirmation of a bullish fakey pattern with a target of 6910 which would be very nice for the bulls and any HODLers! If the price dips lower than today's low though that would be an indication that this pattern is not valid and we need to keep looking.
Bitcoin Futures BTC1! CME Near Date
The futures chart is showing some of the clearest trend lines
at moment so is worth a look. Price action yesterday has not
helped the bull cause.
The chart shows Bitcoin is still in a very precarious state.
Yesterday's fencing battle with thrusts upwards and spikes
down was by turns dreary and stultifying and mixed with ...
Bitcoin. Clock-Work 05:53 est
another 01:00 gmt low, another at 06:00gmt. And high at
10:00 - right on the upper parallel where longs who bought at
6am have closed out for 450 points - day's work done.
Now has to climb above the upper paralle and hold there on
retest once broken to turn back to bullish again from here.
Unlikely in very nearterm but it's ...