BTC has broken out of the $7k range.
Next stop is $8k around the 10WeekMA.
If we close a Daily candle above the 10WeekMA and maintain the bullish trend, this will confirm we should be going higher.
RSI trend is bullish with room to run. General trend also confirms bullish trend currently on Daily.
My Opinion - We will likely head to the $8k area and reject on the 10WeekMA.
Seeing that we may continue to consolidate in the tip of the wedge OR breakout past the 10Week....keep some dry powder.
If we get down into the $7k or less area again, this will be a clear buy.
Here is a longer term view from previous - BTC Outter Space Chart
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (shortterm)
Next stop is $8k around the 10WeekMA.
If we close a Daily candle above the 10WeekMA and maintain the bullish trend, this will confirm we should be going higher.
RSI trend is bullish with room to run. General trend also confirms bullish trend currently on Daily.
My Opinion - We will likely head to the $8k area and reject on the 10WeekMA.
Seeing that we may continue to consolidate in the tip of the wedge OR breakout past the 10Week....keep some dry powder.
If we get down into the $7k or less area again, this will be a clear buy.
Here is a longer term view from previous - BTC Outter Space Chart
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (shortterm)