Bitcoin
Long

Signs of Life for Bitcoin!!

162
Bitcoin has finally shown some strength. It has broken the $37.7K barrier which has provided significant resistance for some time. It appears to be crossing the vacuum zone, making a run for $40K. We should see some resistance here, but it is a good sign for BTC that we are developing an upside bias and perhaps will start to range near $40K instead of the low and mid $30K's. We will see some resistance at $40.8K and $41.9K, but after that there is a vacuum zone to $45K, our next significant milestone. Watch for support from $36.7K otherwise. The Kovach OBV is still not convinced, but the Chande (measuring short term momentum) has picked up notably.

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