Intraday Update for Bitcoin #1
As will be the norm much more often than not, my Bitcoin and Ethereum analyses will be part and parcel of the freely accessible Stock Trading Signals analyses. Here within Bitcoin Trading Signals, you‘ll find the trade position calls and surrounding reasoning regarding Bitcoing and Ethereum whenever required.
Enjoy yesterday‘s Bitcoin analysis – coming right after the crude oil part as usually.
Overnight price action as we head into European session, has shown that Ethereum is back to outperforming Bitcoin, and that yesterday’s dip cutting amply enough into the body of Monday’s white candle, was rejected – forming a slanted, inverted head and shoulders formation on lower Ethereum time frame (e.g. 4H). We’re breaking above that neckline, with bullish consequences for Ethereum as a minimum.
Additionally, the China crypto crackdown is getting distinct PR undertones of an ESG exercise…
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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