Bullish cypher pattern for continuation

29 ביוני 2021

The major resistance trendline has been broken through. Now we find resistance at the 36.4 level, which bitcoin will make quick work of after a small pullback. Increasing buy volume with continuous price oscillation upwards make for a tough shorting environment. Instead, wait for the right spots to long, take profits at 38k and open a short there if you'd like. We are looking bullish for July however so if you are already in a long from below 35k, just sit tight and wait for the upper 40s to unfold.