This is an article written on my Patreon page on 27 July.
Last week was insane as the breakout of BTC led to many pump for alt coins across board.
Bitcoin
BTC – 4 Hour
Market have broken out from its prior wedge pattern with strong volume supporting it, however market is currently at a price range testing previous sell zone. In order for bull trend to continue, it is required of price to break the “bullish trend continuation” line.
Due to the support of bullish order volume flow, market holds a higher probability, to find more momentum as it trades back to $9560 before breaking out towards $9900.
The two possible scenarios are drawn in green and purple.
Ethereum
ETH – Daily
Market have recently broken off its next bullish trend continuation line after last week post. It is currently onwards to retest a strong weekly price resistance level that have been previously respected in June 2019....