BTCUSD made a successful crossover on the 3 hour chart and now we can see on this 4 hour chart that it is again decision making time. The 50 MA (blue MA) is approaching the 200 MA (pink). Will it cross to the upside or will it fail and deflect to the downside causing the beginning of a more major trend reversal lower to challenge the 6000 area of support? At times we can see some signals to indicate a more likely move but honestly this looks to be about 60/40 odds to me right now to the upside. Looking at the indicators I think this has some steam left and it should challenge the 7000 area here before another decision point most likely on the 5 hour chart.
These are just my thoughts. Please use your own judgment.
These are just my thoughts. Please use your own judgment.