BTC Update! Inside bar bear break, bulls hold support by $23!

2019년 6월 7일

Wow, what a crazy day. Earlier I was watching the inside bars to see if bears would get their bear break below $7570 and then eventually below $7427. They got the bear break below $7570 and on pretty good volume for price to drop $120 in about 10 minutes. This bottomed at $7450, so holding the low of this pullback by $23. Bears were unable to get any further momentum to the downside and we are currently seeing a very nice bull move. Sticking with the daily chart here, $7933 remains level to watch for bulls to get ahead and then psychological 8k once again. But thus far on the pull back we have our low, a lower high, and today got our higher low just barely. If bulls fail to get above $7933 here it will be another lower high and this will give us a nice daily equilibrium in a fairly tight range to watch. If we do get above $7933, I would also watch our 12 EMA on daily as we rode that for support for weeks and often see what once was support then becomes resistance once we fall below it.
But the bulls definitely defended their low today and lets see if they have the steam to change trend back to their favor or if the bears reload.

Just My 2 Sats!