BitCoin entered Long - This is why!!!
This was basic volume and price bar reading:
That High SI 3.1 change in behavior was profit taking since we have hit a Major Support
High Volume Bar at bottom of the range with upward reaction = Buyers
High Volume Bars at bottom of the range with upward reaction= Buyers
Low volume Bars at the top of the range = No Sellers
Nice real Break for the following reasons:
Up bar with volume and no pin
Next 3 bars with volume but never closed below the break bar = that's hard time to move down and another up move was eminent.
Now we are approacing the top of that Major Resistance back from the 26/6/2019, time to close 1st order.
