Right now, BTC is pretty hard to predict. From my technical point of view he is just unpredictable. Mostly.
I would like to see the others be a bit more honest about this.
Anyhow I am mostly out since 8400 until I get a better idea of whats going on. I would jump back in betweeen 8300 and 8600 to go for a ride to 9800. But no more.
Maybe maybe maybe, haha :-). we are at the point I circled in the chart above.. Yea we have a Cross on the daily. But in the past months this was not a good sign, actually it marked to point of a huge reversal.
I would really love to hear your opinion about this.
I am not saying anything will happen, but this right now feels like a trap to me. This might lead us until 9800 (if we break 9300 soon) or even to 10800, where we will face heavy resistance.
Glad to hear your opinion.
Next bigger target is 6000 for now.
To me we are in the middle of the road downwards to 5175.
This will be a nasty week for most of us.