Extreme scenarios for BTC in July
With such a low volume is hard to tell BTC`s direction, but we can say that it´s behavior right now is on Squeeze mode,
which means we could could have a volume explosion to any direction soon.
things to look at:
1) Weekly EMA 50 Close today: a) Closing above it would be bullish b)Closing below it, Bearish
2) Eventually getting a rejection at 34500: Since when we broke the triangle, it seems like we are trying to test the bottom of it as the next resistance.
Getting rejected at that level could led to more dump easily.
3) BTC Dominance: If we are lateralizing between 46% right now, if we start to go down could indicate a pump,
going up would indicate a dump in the market.
Have a good one guys.
which means we could could have a volume explosion to any direction soon.
things to look at:
1) Weekly EMA 50 Close today: a) Closing above it would be bullish b)Closing below it, Bearish
2) Eventually getting a rejection at 34500: Since when we broke the triangle, it seems like we are trying to test the bottom of it as the next resistance.
Getting rejected at that level could led to more dump easily.
3) BTC Dominance: If we are lateralizing between 46% right now, if we start to go down could indicate a pump,
going up would indicate a dump in the market.
Have a good one guys.
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