4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

BITCOIN Pulling Back

btc.png

After seven straight bullish days, we're seeing some significant pullback across the market space.

BTC is looking to pullback and test the strong 11,000level.Belowthis,we'relookingat11,000 level. Below this, we're looking at10k psychological basically.

4-hr RSI was the highest it's been since the trend high, so there's a case we might not see any higher until we pull back, normalize, and establish a higher low support on the daily.

4-hr bear volume does seem to be declining, so this is a test of patience to wait. Likely, this will turn into a consolidation wedge pattern over the next couple of days (which is what I'm expecting).

Sit tight for now. Hope you're all having a great Tuesday!

trading.png

13 upvotes $0.00

Replies (0)

Conversation

No replies yet

Replies will appear here as people join the conversation.

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next.


  
Technical details

Operation fingerprint: