Good Morning/Afternoon all.
Currently on the move, but i had to make a pit stop as i am seeing some very interesting behavior by Bitcoin.
Here is the break down.
Bitcoin has yet to show strength towards the 800ema. Considering that we have been “Floating” upwards with no clear resistance, The Asian session sure kept its status as the “Drop By Kong”
What are the key levels?
Notable volume is present at the highs. Market makers start adding longs and closing shorts.
Vector recovery has been achieved, and the pin bar that appeared tapped 50% of the previous vector and bounced away.
Price comes below the 200 ema on the 1h and trades back above it.
The psy low has been tested and price is now trading above it.
The smaller W Pattern is still in tact
However the vector candle has not been fully recovered. As of typing the vector has now been recovered.
The Range Daily Low could occur which will set up new york for a reversal…
Monday is a false move…Approach with caution guys…Wait for Tuesday…
Will keep you posted if anything interesting happens guys.