Analysis of the 2h "short-term" chart, indicates a push toward $52k.
- The 13 Period RSI is climbing steadily & is above 50.
- The Awesome oscillator has highlighted "Bullish" momentum, confirming the RSI reading.
- Using a (55/144) MA Cross pair (both Fibonacci numbers). I'm inclined to believe that prices will retest $52k or $51,5k.
Furthermore it would be hard to say whether or not that momentum would remain intact, as prices may even currently be subjected to resistance at the 55 MA.
I would remain Neutral for the time being, & wait for further confirmation on a "Mid-term" timeframe before entering any trade.
- The 13 Period RSI is climbing steadily & is above 50.
- The Awesome oscillator has highlighted "Bullish" momentum, confirming the RSI reading.
- Using a (55/144) MA Cross pair (both Fibonacci numbers). I'm inclined to believe that prices will retest $52k or $51,5k.
Furthermore it would be hard to say whether or not that momentum would remain intact, as prices may even currently be subjected to resistance at the 55 MA.
I would remain Neutral for the time being, & wait for further confirmation on a "Mid-term" timeframe before entering any trade.