Looking at the 1 hour and 4 hour chart, I see a few indications on a slight healthy pullback.
First off on the 4 hour chart , BTC usually likes to test the 21- which puts us at 10650.
Also after Golden crosses it is not unusual for BTC to test the 200 MA. Which can put us at 10450.
The 1 hour chart is showing signs of retracement as we have hit our resistance of the .318 Fib.
Looking at the Stochastic Rsi we can also see a downtrend forming while price is going up.
Lastly Volume as decreased alot , telling us that a major move is in the midst of us.
We are in a channel right now and can see BTC is going to make its mind up within the next day or possibly sooner.
Im looking for either a pullback of between 10,450-10650 or a possible jump to 11.1k-11.3k
First off on the 4 hour chart , BTC usually likes to test the 21- which puts us at 10650.
Also after Golden crosses it is not unusual for BTC to test the 200 MA. Which can put us at 10450.
The 1 hour chart is showing signs of retracement as we have hit our resistance of the .318 Fib.
Looking at the Stochastic Rsi we can also see a downtrend forming while price is going up.
Lastly Volume as decreased alot , telling us that a major move is in the midst of us.
We are in a channel right now and can see BTC is going to make its mind up within the next day or possibly sooner.
Im looking for either a pullback of between 10,450-10650 or a possible jump to 11.1k-11.3k