micahjmiller
Short

Bitcoin Moving Sideways, Big Move Coming

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
What's going on everyone!

We are seeing some pretty lethargic price movement with Bitcoin . It made a move to the upside early this morning, but came up short when faced against the 100 MA. That paired with consistently lower highs and a coiling in price, we are most likely due for a big move here. I give it a 60/40 chance to move to the downside, but there is potential for a rebound to the upside.

Not much going on for Bitcoin , so not much to talk about. But, stay tuned for a BIG move in either direction.

I am targeting $1,800 for the next low if it comes.

Getting ready to fill up my bags. lol.

I'll link a post showing my long term outlook on Bitcoin . Still waiting for the weekly 100 and 200 MA to cross and another oversold condition in the weekly RSI .
Comment: We've broken up out of this wedge against my suspicions. The large wick rejecting at $4k does not look promising. I will become bullish if we push past $4k
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
+1 Reply
@Boon2, Thanks for sharing
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SEC ETF trigger may play out here
+1 Reply
@azuolas, This is possible, but I wouldn't count on it happening any time soon. The big players want a good chance to accumulate a large amount
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very reasonable
+1 Reply
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