$BTC: Bearish? Bullish? Or, Neutral?

Since I will be moving my chart work here, I wanted to share what the BTC WEEKLY CHART shows. Currently it’s a 50/50 coin toss. Easy cop out, right?

Well before you suggest I’m getting off suggesting it’s a coin toss. Let me explain why!

1) we have a Bullish weekly RSI MA cross.
2) But we have a bearish weekly stochastic,
3) Then to add more confusion to the mix we throw in a NEUTRAL Weekly MACD.

The real question both Bulls and Bears will be waiting to see if our long standing current trend-line holds.

For me, I could easily see us go to that $28.2K area, and perhaps even lower to the 27K ’s, but I would still BULLISH. Why?

Because the MONTHLY CHART is still Bullish.

Lastly, I could also see us bounce, but the key with any bounce would be to clear $32.1K for Bullish continuation.

Time will Tell!

And I’ll be here!


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