Hi Traders,
So we're back with another $BTC update!!
$BTC is now looking for structure to decide its next move which by the looks of it is upwards. Prices have been ranging within the main order block as seen on our chart, it managed to push out and find sensitivity near the next larger order block before failing and going back into the block below.
Prices fell into two smaller order blocks which you can again see on our chart with the second attempt also failing to break the 100MA 4HR. Buy volume came into the market after the MA failing pushing prices back up breaking the 50MA 4HR and providing us with a short term rejection the 50MA. If we can stay above the 50MA then its likely for prices to push into the larger order block at the top of the chart.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
So we're back with another $BTC update!!
$BTC is now looking for structure to decide its next move which by the looks of it is upwards. Prices have been ranging within the main order block as seen on our chart, it managed to push out and find sensitivity near the next larger order block before failing and going back into the block below.
Prices fell into two smaller order blocks which you can again see on our chart with the second attempt also failing to break the 100MA 4HR. Buy volume came into the market after the MA failing pushing prices back up breaking the 50MA 4HR and providing us with a short term rejection the 50MA. If we can stay above the 50MA then its likely for prices to push into the larger order block at the top of the chart.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
