Major resistance area broken but the macro yet to be tested

7 thg 4, 2020

It is clear we are following very closely to the DOW. However i am still conflicted with the idea that Bitcoin is a mature market and ready to be the true hedge in a financial crisis. I will be looking to see of we have buyers exhaustion from 7400-7800 area. I have put candles to line charting to ignore wicks for a more clear picture of what is happening which i dont do often but i really want to ignore the noise and liquidity areas larger traders try to exploit for liquidations. We have had decreasing volume alone with increasing price action. On the daily you can see a large bear flag/pennant. I am interested in everyone's thoughts and maybe we can come to a decent analysis together. On a side note i will be putting all my indicators open source for others to build off and improve upon them. Thank you lets see how Bitcoin handles today's US market!