For the third consecutive week, we have seen BTC fluctuate but ultimately close with a small candle body. As it currently stands, this candle is going to be the first red body (down) close in 5 weeks. When we zoom out and see the historical resistance; it makes sense that we are seeing uncertain dojis right now.
Although there is downside risk here; this is an overwhelming bullish chart and therefore pullbacks should be accumulated rather than sold off.
SHORT TERM OUTLOOK
You must either log in or register to view this content