I'm a bear, but BTCUSD looks rather good for a while to me. I think BTCUSD is retesting its long-term Fibo channel 0.113 now.
Whenever BTCUSD overcome its long-term 0.113, it has been made a new ATH.
For that reason, I think BTCUSD is quite good situation now. Monthly MAs are lines up.(It needs break out 10K)
Bearish idea as a short-term bear
- Volume is steadly decreasing from the ATH. - NVT's hidden bearish divergence is still valid. - RSI is still staying at bear terrritory. - CMF is quite below 0. - Under long-term Fibo channel 1. - Mass volume is still sleeping. - and bunch of personal tribial thoughts & doudts.