BTC is finding resistance at the VWAP from the December 17, 2017 high.
The Bitstamp February 20 high is overhead at 11780.
Barring a sharp pullback in price, the declining 50 Day MA should start flattening out and advancing in 3-4 days
We are also above the neck line of the cup and handle.
If price can break and find resistance above the 2017.12.17 VWAP, I will become more bullish for my Swing Trade timeframe.
With my Investor timeframe, the declining 50 Day MA and 10 Week MA still concern me.
Today I am neutral.
The Bitstamp February 20 high is overhead at 11780.
Barring a sharp pullback in price, the declining 50 Day MA should start flattening out and advancing in 3-4 days
We are also above the neck line of the cup and handle.
If price can break and find resistance above the 2017.12.17 VWAP, I will become more bullish for my Swing Trade timeframe.
With my Investor timeframe, the declining 50 Day MA and 10 Week MA still concern me.
Today I am neutral.