Update regarding BTC.
As explained yesterday during the update, which we posted to you, there was resistance if you are at $42,800 following a Fibonacci retracement.
On the first graph in view of the Daily, using ichimoku we see that we are above tenkan and kinjun and have pierced the cloud.
On the second graph we have also pierced the EMA ribbons which is also a very nice buy signal.
Regarding the other data, we can see a slight drop in the open interest after a pump. The long-short ratio is increasingly negative. As I explained yesterday, the market likes to do the opposite of the majority. A lot of people bet on the fall and the fall of the market which is also a confluence to predict a future rise.
Next stop to watch $45826.
If we go above this there will be a real market structure that they announce a bullish reversal.
Wait and see and set yourself alerts.
