BTC has been flirting closely with the 40K level lately.
Once we have candles consistently closing above 40K on the smaller time frames
A trend reversal off the lower fibs bands recovers the price near the 44-46K levels
then we have the inevitable psychological 50K resistance...
MACD is printing a nice bullish cross and I anticipate
higher lows for the coming days of accumulation.
RSI has a nice bounce for off the oversold line on the daily.
I'll be repositioning some of my bags back to BTC as
I think the "rubberband" will pop in favor of BTC and
it will lead the market and bleed some alts along with it.
Several charts are following BTC closely in this bounce off
the latest retracement, I also anticipate a similar future
for #Litecoin and #Tezos!
Good luck,
-Bruce
Once we have candles consistently closing above 40K on the smaller time frames
A trend reversal off the lower fibs bands recovers the price near the 44-46K levels
then we have the inevitable psychological 50K resistance...
MACD is printing a nice bullish cross and I anticipate
higher lows for the coming days of accumulation.
RSI has a nice bounce for off the oversold line on the daily.
I'll be repositioning some of my bags back to BTC as
I think the "rubberband" will pop in favor of BTC and
it will lead the market and bleed some alts along with it.
Several charts are following BTC closely in this bounce off
the latest retracement, I also anticipate a similar future
for #Litecoin and #Tezos!
Good luck,
-Bruce