Bitcoin (XBT/USD - BitMex) -Sweep with demand

Bitcoin (XBT/USD - BitMex) -Sweep with demand

By milionarioo | DigiNomic | 17 Apr 2020


As for Bitcoin, although there have been some interesting signs of demand, they are not enough to create a Bias Bullish.

It all depends on the follow up or not of this question that arose on the intra-day. If you have (another leg up with above average volumes attached), then there is a good chance that the movement will spread to higher TFs, but otherwise it will not be talked about.

Indeed, the failure to create a higher high, or even the confirmation of a Lower High, would be two signs of extreme weakness and, framed in the bearish directionality and in the bear market as a whole, with a high probability of a bearish continuation.

In short, for now in my opinion there is no reason to be Bullish.
A lot of attention, if you don't want to risk making those who buy at the maximum.

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