Just another update for the daily chart..
BTCUSD looks right on track. Past couple days over the weekend, the 'over bought' indicators have been reset. The TD sequential was reset from overextended a day or so ago, daily RSI has come back down leaving more room to go up.
Tagged the daily 13EMA but still have not hit that all awaited for touch of the 21EMA however this chart shows BTC holding the red box as support, the resistance holding us down is the 1.272 fib level from swing low to swing high (at the time). As long as we stay inside the box IMO we will break out after slight consolidation but MHO I think we will break the box this week and see new ATH's again this week or next.
Thanks for reading :)
Jakk.BTC
BTCUSD looks right on track. Past couple days over the weekend, the 'over bought' indicators have been reset. The TD sequential was reset from overextended a day or so ago, daily RSI has come back down leaving more room to go up.
Tagged the daily 13EMA but still have not hit that all awaited for touch of the 21EMA however this chart shows BTC holding the red box as support, the resistance holding us down is the 1.272 fib level from swing low to swing high (at the time). As long as we stay inside the box IMO we will break out after slight consolidation but MHO I think we will break the box this week and see new ATH's again this week or next.
Thanks for reading :)
Jakk.BTC