Here we go again.
Bitcoin broke through the daily trendline and found Support at the 9530$-9630$.
Retested the daily trendline, short orders increased and led to another drop around the
9530$-9630$ region. After that it appeared a big bullish 4h candle which had a closure above the
daily trendline again, but also broke out of the range, in which it was stuck,...
Bitcoin has build a downtrend since the rejections of the 13200$ area, in the H4 timeframe.
I think Btc is going to make a correction to the upside target 11640$. The daily timeframe
is showing a nice uptrend since the 25th of April. After breaking through the daily trendline
the bulls were able to show strenght and managed to break back above the daily...
The Bitcoin dominance compared to the Altcoins is looking weak right now.
It tried three times to break through the trend channel the last couple days, but
could not manage to clearly stay outside of it (H4 timeframe). The last 4h candle closed inside
the channel. If the daily candle closes inside the channel today, we can expect a downside
of the BTC ...