BTC is likely to retrace before clean breakout
My prediction of price testing 30400 range has happened.
Now, based on the latest candle formation, we can see that Doji pattern has formed.
This is a break in momentum, which is further confirmed by high volume.
Judging by it's relentless price behavior to the upside, I suspect the following might happen:
1) Price would remain the same, or slight downwards retracement towards Area of Support. (for the next 2-3 hours)
2) A sudden spike would happen breaking and closing above 30400. (I am not sure when it will happen, but will monitor for the next 4-24 hours)
For latest progress updates, check out my BTC 24hrs trading livestream.
Link in Profile Bio.
Now, based on the latest candle formation, we can see that Doji pattern has formed.
This is a break in momentum, which is further confirmed by high volume.
Judging by it's relentless price behavior to the upside, I suspect the following might happen:
1) Price would remain the same, or slight downwards retracement towards Area of Support. (for the next 2-3 hours)
2) A sudden spike would happen breaking and closing above 30400. (I am not sure when it will happen, but will monitor for the next 4-24 hours)
For latest progress updates, check out my BTC 24hrs trading livestream.
Link in Profile Bio.
Transakcja zamknięta: osiągnięto wyznaczony cel
Clean breakout and closed above 30400.
YouTube Channel: TraderDex
YouTube Channel: TraderDex
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