BTC bulls having hard times, but its a bull flag

2021年1月18日

Yesterday's dip ended up with another dip buys. As you see that 4H candle started bearish but ended up almost at the middle of previous candle - that is a strong bullish signal. Still the volume under that bounce is rather shitty. Plus I see Dollar Index rising and stocks falling at 4H. Ain't good for crypto.




Bullish factor - yesterday day candle also closed bullish, so I expect BTC to bounce back to 37500-38200 at least and this may take couple of days. After that all depends on if it will overgrow these resistance levels or pull back. Basically now Bitcoin forms a bull flag at daily, so both bearish and bullish scenarios stay valid.

2021年1月20日

註釋

Its over