-
Bitcoin Rallies Its Way To Independence Day
Whilst volatility is generally expected to be lower on US Independence Day today, Bitcoin clearly has other plans after rallying 10% just after US markets closed. Let’s take a close look at this volatility. On the face of it, the daily chart appears constructively bullish. It continues to print higher highs and lows, a 3-wave (corrective) move is apparent on the four-hour chart and a spinning top Doji and bullish appeared near its corrective lows. Furthermore, the bullish hammer respected a 78.6% Fibonacci extension, before rallying higher. If prices can build a level of support above 10, then we could indeed see ... (full story)
