BTC - Silence before the storm?
BTC has been quite quiet lately but is it accumulating for an ATH? Let's look at the technicals.
Technicals
→ We broke above the channel and respected the retest. However, we failed volume to confirm the trend break. Are we accumulating to go up, or we are we failing?
→ There is also a zone which price touched multiple times.
Trade
→ I am conservative here for a swing trade. I like to see we a confirmed break at the 8H first resistance of around 70K$
Your trading friend,
Simba Trades
Technicals
→ We broke above the channel and respected the retest. However, we failed volume to confirm the trend break. Are we accumulating to go up, or we are we failing?
→ There is also a zone which price touched multiple times.
Trade
→ I am conservative here for a swing trade. I like to see we a confirmed break at the 8H first resistance of around 70K$
Your trading friend,
Simba Trades
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