BITCOIN

The news probably caused the spike a little and trigger some short squeeze fuelling the 300+ pts surge. Mentioned in previous post of testing the 3300 zone support then bouncing but didn’t expect it to shoot up so high 300+. Likely to cooldown after the news tampered down. Possible test of 3500 support zone and making a push for big channel top resistance around + horizontal resistance around 3720 zone.
News: (Current) https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows  | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :120
Dominance :53
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe

About the author: TIMM Trader

Uniting Experts & Novices for Mutual Profit!