Kehrmaschine

BTC to the doom again? Bullish Macd cross

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Sorry, I am nor a BEAR or a BULL. I really want a good market to trade at.
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 bullish Macd 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.

KK
Comment: Also I would like to draw your attention to the RSI, that seems to like to make double tops and seems to have heavy resistance at the daily ~46 level.



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.
Comment: So far so good.. not too much happend. Just the way I expect it to warble down. Hard to make proper targets atm.

Next bigger target is 6000 for now.

Comment: There goes the "bullish" macd cross:



To me we are in the middle of the road downwards to 5175.
This will be a nasty week for most of us.

Good luck.
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