⚡️ #BTC OUTLOOK - 23/07⚡️
A few things confirmed overnight and some key things to watch out for.
We have held a pretty key support - in doing so confirmed the formation of a bullish descending triangle - quite a positive thing tbh. We have pretty clear zones now between 21.7k and 22.5k to define it turning bearish.
The positives are that the CME gap is at 27.3k still and we are above a key resistance and holding still, and contiued bullish divergences are still occuring (which pretty much makes up this pattern tbh)
The bearish factors are the POC line is below the confirmation zone at 21.1k and weekly pivot is quite far down at 20.5k
Lower than usual volume on weekends but things are still pretty positive.
A few things confirmed overnight and some key things to watch out for.
We have held a pretty key support - in doing so confirmed the formation of a bullish descending triangle - quite a positive thing tbh. We have pretty clear zones now between 21.7k and 22.5k to define it turning bearish.
The positives are that the CME gap is at 27.3k still and we are above a key resistance and holding still, and contiued bullish divergences are still occuring (which pretty much makes up this pattern tbh)
The bearish factors are the POC line is below the confirmation zone at 21.1k and weekly pivot is quite far down at 20.5k
Lower than usual volume on weekends but things are still pretty positive.
