Bitcoin has been at a pretty indecisive stage due to SEC and doubt and fear from the public of not knowing what the final verdict will be.
The most important thing to do right now is honestly just wait til the final verdict. From what I can see, it seems the Bitcoin coin is mostly at a sideways actions.
Watch for:
- Break of S/R will tell us where Bitcoin is headed (mostly going sideways for now)
- Forming a symmetrical triangle at the moment (can be either bullish or bearish)
- Tag the .5 fib once but seems like it is wanting to tag the 1 Fib as well
- Currently testing the .768 Fib
- Currently on above the Bolinger Bands and touching the upper bands
- RSI, Stoch, MACD are all indicating upward momentum
- Above the ichimoku cloud
Overall:
I see the scenario being more BULLISH, but that doesnt mean we can't have another leg down
September 30 will be the most important decision from the SEC, and we will see where the market will turn
The most important thing to do right now is honestly just wait til the final verdict. From what I can see, it seems the Bitcoin coin is mostly at a sideways actions.
Watch for:
- Break of S/R will tell us where Bitcoin is headed (mostly going sideways for now)
- Forming a symmetrical triangle at the moment (can be either bullish or bearish)
- Tag the .5 fib once but seems like it is wanting to tag the 1 Fib as well
- Currently testing the .768 Fib
- Currently on above the Bolinger Bands and touching the upper bands
- RSI, Stoch, MACD are all indicating upward momentum
- Above the ichimoku cloud
Overall:
I see the scenario being more BULLISH, but that doesnt mean we can't have another leg down
September 30 will be the most important decision from the SEC, and we will see where the market will turn