In my other BAL post (the usdt pair) I saw some strong gains on the horizon, the same goes for the BTC pair. For the last three days there has been tremendous bullish action on this pair, resulting in three consecutive daily candles of more than 10% each.
Such strong price action usually means that volume is picking up, and we're in for a treat in the near future. Since I think a lot of BTC pairs will be rising in the coming weeks after months of bearish pressure, I see this pair rising to the R1 and/or R2 resistances respectively. If BTC keeps on losing dominance we can see it happen within a few days.
Happy trading!
Such strong price action usually means that volume is picking up, and we're in for a treat in the near future. Since I think a lot of BTC pairs will be rising in the coming weeks after months of bearish pressure, I see this pair rising to the R1 and/or R2 resistances respectively. If BTC keeps on losing dominance we can see it happen within a few days.
Happy trading!
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