Finally, the cross we have all been waiting for. A bullish cross on the daily MACD for Bitcoin. This could mark the bottom and see us breaking this downward sloping channel to the up side? First Target is the 52K area.
I hope so, BUT: My Liquidation prices are still below the 40k mark as we could easily breakdown to this area:
Lux ECO indicating a move down below 40K mark in the next 16 hours (4 hourly chart).
Lux Momentum still showing downside pressure
BB bands are constricting on the 4 hour so a move in either direction is imminent.
My bias at the moment is to the down side, which sucks... But, I have orders ready at 40k to pick up some BTC on on a Xmas special.
In Summary:
Next 3 days: Bearish - Target 40/41K
Next week Neutral - bias to downside - Target 40-45K