*Currently neutral on higher time frames, I am looking to take shorts if we can break under $38,300 and retest that level. That is my intraday bias, until we create a higher-low on the daily, I will not look for buys.*
Daily:
Bitcoin closed as a bullish doji with a very small body and long wicks. This is showing massive indecision within the markets and it is keeping my bias neutral. I still believe we may see one more dip before any potential reversal and I have my eyes set on $36,500. Our overall trend is still bearish and I will not look for long-term positions unless we can develop a higher low on the daily. If we cannot maintain this support level and push higher after some expected volatility then we will likely see $33,000 next. My eyes will be focused on the intraday for now.
Intraday:
The intraday was volatile and a little choppy. We ended the day right about where we started it and there is some still a large amount of bearish pressure. We still have major news this week that will affect Bitcoin’s price, it will change our price action and likely move us out of this micro-trend.
Daily:
Bitcoin closed as a bullish doji with a very small body and long wicks. This is showing massive indecision within the markets and it is keeping my bias neutral. I still believe we may see one more dip before any potential reversal and I have my eyes set on $36,500. Our overall trend is still bearish and I will not look for long-term positions unless we can develop a higher low on the daily. If we cannot maintain this support level and push higher after some expected volatility then we will likely see $33,000 next. My eyes will be focused on the intraday for now.
Intraday:
The intraday was volatile and a little choppy. We ended the day right about where we started it and there is some still a large amount of bearish pressure. We still have major news this week that will affect Bitcoin’s price, it will change our price action and likely move us out of this micro-trend.
