After some drama with the SEC’s X account, Bitcoin has continued to stay in line with the short term momentum. A higher low has been established around the 44,500 level (blue arrow). This configuration continues to favor the possibility of a higher high which can be well into the 48K area over the coming days.
XRPUSD trade scanner signal was generated near the blue arrow. The trade was worth a small profit before momentum turned the opposite way. Here are some extra points to consider for this idea: The .5900 area (blue line) is an old support / new resistance. IF bearish momentum is going to persist, price should NOT
Bitcoin has pushed into the 37K resistance and has yet to produce a meaningful pullback on the daily time frame (see my recent articles). There is another momentum continuation pattern that has yet to confirm on the daily time frame now (inside bars). Upon a break of 37,500K a new long signal will be in