Bitcoin’s extremely low volatility has remained range-bound before breaking out.
A 5-wave decline has formed a weekly-line divergence.
As long as this high-volume long bullish candle doesn’t retrace back through the level, it can be regarded as a significant breakout signal on the chart.
Here, for long positions, observe whether a retracement occurs back into the breakout zone. For BTC, watch the 66,000 area.
$BTC
A 5-wave decline has formed a weekly-line divergence.
As long as this high-volume long bullish candle doesn’t retrace back through the level, it can be regarded as a significant breakout signal on the chart.
Here, for long positions, observe whether a retracement occurs back into the breakout zone. For BTC, watch the 66,000 area.
$BTC