Bitcoin looking pretty bullish on the daily!

12 thg 6, 2020

I can't accept that the rise off the March lows was impulsive considering volume and the level of choppiness during the rise up, but I do think we could be printing the final C wave of B for a potential flat correction which could see us soon grab liquidity above 17.1k before a larger C wave correction of a higher degree.

Reasons to be bullish on the daily:

Perfect bullish retest of TL from 14K plus regained prior H&S neckline as support.
OBV printing higher lows
Nice reaction off the 50 day
Range EQ held as support
Decreasing sell volume on each drop

Reasons to be bullish on the 6H:

MFI bullish divergence