I'm not liking the look of the fast approaching 55ma.. its played strong resistance since Sept on the Daily.
13ma looking like it will cross under the Bol Basis line.
Volume is dropping.
Bollinger bands are tightening so we have some Volatility coming.
On the 1W Chart Stochastic RSI is very low at 11 and starting to curl up. CCI is low @ -148.0000 and moving upwards.
Id love to say we will break up in an inverted H n S move and especially it being the 10 year anniversary of BTC genesis block, that would be awesome! With money moving into precious metals from the stock market.. Why not BTC?
I'm Neutral on which direction BTC will move in but I can definitely say it will happen soon. Hopefully not down in a low buy volume weekend.
13ma looking like it will cross under the Bol Basis line.
Volume is dropping.
Bollinger bands are tightening so we have some Volatility coming.
On the 1W Chart Stochastic RSI is very low at 11 and starting to curl up. CCI is low @ -148.0000 and moving upwards.
Id love to say we will break up in an inverted H n S move and especially it being the 10 year anniversary of BTC genesis block, that would be awesome! With money moving into precious metals from the stock market.. Why not BTC?
I'm Neutral on which direction BTC will move in but I can definitely say it will happen soon. Hopefully not down in a low buy volume weekend.
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Looking at price on the Weekly its interesting to note using Fib numbers as Moving averages, we crossed under the 89 in Nov's BIG drop and now the 144 is acting as resistance. We will see today or tomorrow whether the 55MA on the 1D chart will push price down.