i might be stating the obvious here but based on the pointy RSI top and the TWEEZER TOP candle formation BTC is either taking a breather for a few days after a spectacular run or the RSI trend will move BTC down for 7-14 days. OR the last option- sideways.
If we bounce ABOVE the 20 and 50 moving average the BULL MARKET continues.
If we fail below then- Look for a bounce in the purple circle which is new uptrend support line for me.
If we go sideways buy alt coins!
If we bounce ABOVE the 20 and 50 moving average the BULL MARKET continues.
If we fail below then- Look for a bounce in the purple circle which is new uptrend support line for me.
If we go sideways buy alt coins!
Comment:
I have noticed right now that old school supply and demand fundamentals control the market with simple resistance and support zones. notice how 9760 resistance has slapped us down 2x. Maybe on the third go w will punch through. If not look out below.