🅱️Bitcoin Update (19-10) #BTC $BTC #BTCUSDT
At the yellow arrow, we have a fairly strong red candlestick and have held BTC for 3 days inside this candlestick's range. This is an Inside Bar candlestick pattern and the longer it moves within this candlestick range, the more strongly the price reacts at breakout.
BTC has just tried to break out of this Inside Bar candle but seems to have become a False Break, but since BTC is supported by the Ichimoku cloud it is highly likely that BTC will not be able to fall sharply.
I think BTC will continue to move sideways in the 10425-10475 zone today and will have a clearer direction.
We will Long BTC if BTC rebounds above 11500$ and will Short BTC if BTC falls off 11400$.
The main trend of the pattern is still Bullish so Altcoin is safe.
BTC has just tried to break out of this Inside Bar candle but seems to have become a False Break, but since BTC is supported by the Ichimoku cloud it is highly likely that BTC will not be able to fall sharply.
I think BTC will continue to move sideways in the 10425-10475 zone today and will have a clearer direction.
We will Long BTC if BTC rebounds above 11500$ and will Short BTC if BTC falls off 11400$.
The main trend of the pattern is still Bullish so Altcoin is safe.
Sorry for this inconvenience