jackbb87

XBTUSD

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BITMEX:XBTUSD.P   Bitcoin
On a weekly time frame we can see a clear defined higher swing low, this to me is showing that BTC bears are exhausting and maybe the start of a reversal. However it is still to early to tell whether this bottom is in. I would like to see a higher high close above that 4k resistance and potentially a higher swing low again above the 4k for confirmation. There is not much volume range in the 4 to 6 k range so we could see a large bounce play out here espcially if FOMO kicks in.
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