Multiple Fibonacci Channel overlays, consistent Price and Date ranges point to $68,202 as being a break above or Break below point for BTC.
That said the consistent consolidation over the past 3 days toward $68,202 and the history of BTC price rising or falling on Sundays starting at approximately noon EST the last several months suggests another decision point between Bears and Bulls.
Sunday, March 10 is no different it appears so far. I expect increased volume and movement tomorrow but which direction?
The Consolidation candles so far total 52 currently, with 30 being bullish candles and only 22 Bearish candles, resulting in a ratio of 15:11 Bullish sentiment to Bearish on the 4-hour chart and suggests that tomorrow's movements will be bullish. There are seven more 5 more 4 hr candles left before the end of the weekend lull. If the bears are to retake control and move the market down they will likely have win control of 3 of 5 of the next 4 hour's candles
That said the consistent consolidation over the past 3 days toward $68,202 and the history of BTC price rising or falling on Sundays starting at approximately noon EST the last several months suggests another decision point between Bears and Bulls.
Sunday, March 10 is no different it appears so far. I expect increased volume and movement tomorrow but which direction?
The Consolidation candles so far total 52 currently, with 30 being bullish candles and only 22 Bearish candles, resulting in a ratio of 15:11 Bullish sentiment to Bearish on the 4-hour chart and suggests that tomorrow's movements will be bullish. There are seven more 5 more 4 hr candles left before the end of the weekend lull. If the bears are to retake control and move the market down they will likely have win control of 3 of 5 of the next 4 hour's candles