BTC looking good for some more upside move. Bounced directly on the 200MA, where I placed support line on $3100 on weekly timeframe. I'm guessing we could move to next resistance just under $5000. Alts will move also. Volume picked up a bit, Stoch, MACD are still legging, which is not a good sign and it means we are still under bears control. Watch out for reversal moves.
Remember that reversel moves have to be slow and steady to be sustainable.
Remember that reversel moves have to be slow and steady to be sustainable.
Comment:
BTC starting the week with another green candle. I'm looking for $4920 target.