BitcoinMis à jour BTCUSD - Some intraday thoughts 20/10/21
Every time we've had a large upthrust candle paired with a yellow capitulation volume signal, BTC has needed some time to cool off and shows some sideways movement. We could be rhyming this same reaction here.
However, we are poised slightly differently than the previous 2 examples - BBWP is not yet reaching peak levels, indicating some more volatility could be in the books in the short term. We have also made a new ATH on this upthrust. Regardless, it is likely we need some form of consolidation to form off and refuel after such a powerful move.
Cup & handle target has more or less been achieved (bar 1 or 2%).
However, we are poised slightly differently than the previous 2 examples - BBWP is not yet reaching peak levels, indicating some more volatility could be in the books in the short term. We have also made a new ATH on this upthrust. Regardless, it is likely we need some form of consolidation to form off and refuel after such a powerful move.
Cup & handle target has more or less been achieved (bar 1 or 2%).
Note
Volatility, ahoy LOL
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.