What's going on everyone!
We are seeing some pretty lethargic price movement with
BTCUSD
. 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.
We are seeing some pretty lethargic price movement with
BTCUSD
. 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
