Update: Bitcoin and Ethereum (Thursday / July)
Bitcoin: If the hourly candle - any hourly candle, and this is the only condition - closes below the red line, it will have turned negative on smaller timeframes and will drop between 108 / 107.500 ..
Ethereum: It is essential to break above the red line with high momentum; it is not necessary to close above it, breaking it with high momentum is sufficient .. This area is very close; if it does not break it, there will be a correction below the blue box.
......
Note:
The larger timeframes - even the 6-month timeframe - are positive, and the medium and small timeframes do not show confirmation of direction yet; however, there are still large sellers present quietly selling (you can refer to the VBSM indicator to confirm)
The path towards 116/120 thousand will not be easy!
Bitcoin: If the hourly candle - any hourly candle, and this is the only condition - closes below the red line, it will have turned negative on smaller timeframes and will drop between 108 / 107.500 ..
Ethereum: It is essential to break above the red line with high momentum; it is not necessary to close above it, breaking it with high momentum is sufficient .. This area is very close; if it does not break it, there will be a correction below the blue box.
......
Note:
The larger timeframes - even the 6-month timeframe - are positive, and the medium and small timeframes do not show confirmation of direction yet; however, there are still large sellers present quietly selling (you can refer to the VBSM indicator to confirm)
The path towards 116/120 thousand will not be easy!
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BTC
117,369.76
+3.35%