This week we've seen some pretty good movement in Bitcoin which of course has helped and the stability this week in the s&p 500 is still at resistance however one of the most amorphous scenarios I'd like to see in the s&p 500 is a sideways pattern .
s & p 500
If we look at the big picture, bitcoin is trying to break the 200 ema, a difficult resistance that it was unable to break last night. At the moment we are writing the article we have 2 days until the weekly candle closes, and something I would not want to see scouting would be the candle closing below $20500 because that would show us a confirmation of a bearish retest.
My scouting view.
My scouting opinion is that he still hasn't given us any signs to see bitcoin for something better as I said above what I would like is for the candle of the week to close above $21500 and not below $20500.
DISCLAIMER: Cryptocurrency trading is VERY dangerous. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.