Afternoon Traders,
we are currently now seeing some interest in sentiment from BTC as the overall market cap just sniffed the $1.5 trillion market cap over the weekend.
Interesting to mention that squeezing wedge style patterns do not always result in continuations, and our illustration is clear proof of this.
what do I see now well I have been expecting a pullback from the 50,000 level we were either going to run the level and continue a higher before a pullback or we would touch the level and then pullback, we got the latter, so I will be keeping an eye on the lower levels (Black Ray line) to see how we respond in these areas. for now
-remaining neutral
- overall still bullish but will wait for price action to confirm.
we are currently now seeing some interest in sentiment from BTC as the overall market cap just sniffed the $1.5 trillion market cap over the weekend.
Interesting to mention that squeezing wedge style patterns do not always result in continuations, and our illustration is clear proof of this.
what do I see now well I have been expecting a pullback from the 50,000 level we were either going to run the level and continue a higher before a pullback or we would touch the level and then pullback, we got the latter, so I will be keeping an eye on the lower levels (Black Ray line) to see how we respond in these areas. for now
-remaining neutral
- overall still bullish but will wait for price action to confirm.
