quantguy

Signs of Life for BTC??

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has seen some life recently as it has rejected the low $30K handle and made a run for what appears to be $40K. However, $37K is proving to provide some resistance and seems to be a significant barrier to the beleaguered BTC. We have a red triangle on the KRI at $37.9K, suggesting we may see a pullback from these levels, which are the only thing standing in the way of BTC and $40K. If momentum picks up we could test $40K again today. If not, we will likely see support at $33K. As stated before, $30K seems a min lower bound for now. The Kovach OBV is still weak but showing signs of picking up.

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