BINANCE:BTCUSDT   Bitcoin / TetherUS
Good morning everyone. I am taking a look at the 1hr chart this morning and I see we are barely sticking our head out of the top of the hourly cloud. So currently we are above the cloud which is bullish. We are also sitting above the 50 MA and the 200 MA on the chart which is also a bullish sign. Things look pretty decent for now on the hourly time frame. Even though we are above the cloud for now I prefer seeing a few candles close above so we are not out of the woods quite yet. RSI is pretty high on the 1hr time frame which may hinder the bulls for a while. Of course there is some room for us to go up before we are technically in overbought territory. If we can keep rising 7650 has acted as resistance since the end of November so I would look for that area for some resistance. Bolinger bands seem to be a little wider due to the recent bounce from the 200 MA but I suspect they will close pretty soon if we remain in consolidation. This chart is a mess. We have been tangled up in the 50 MA and the 200 MA and the cloud on this chart for days. Other time frames have us below the cloud and the MA's so Im not full bull right now. Although I am optimistic. But WTFDIK?
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