BTC pierced above the 8017 USD VPVR resistance with strength and is now supported above the purple 8743 USD VPVR level. Current daily candle need to successfully close above for confirmation.
Price is now well above the 200 SMA which will continue to pull the 50 SMA towards a golden cross.
Bearish if the price drops back down below 8k USD.
PRISM Oscillators Set indicates the start of the next bullish phase for the month (or two) ahead.
Won't be buying now as present price is not a position of strength.
Was cost-averaging in to HODL (long-term investment stash) when price was below the red area marked, also shown in my previous published ideas, etc.:
Price is now well above the 200 SMA which will continue to pull the 50 SMA towards a golden cross.
Bearish if the price drops back down below 8k USD.
PRISM Oscillators Set indicates the start of the next bullish phase for the month (or two) ahead.
Won't be buying now as present price is not a position of strength.
Was cost-averaging in to HODL (long-term investment stash) when price was below the red area marked, also shown in my previous published ideas, etc.:
Comment:
A look at the 4hrly.
But cautious is advised as a sell signal may trigger anytime now, with the TD-seq already passing a "9" and with the price reversing/retracing from the pump in response in the short term.
Need to wait and see if the purple VPVR level will hold as support before deciding on the next move.