Bitcoin is right now in a really critical position but can rebound here because :
- we are at the 0.764 fibonacci level
- we are testing the upper level of the descending channel (we broke it to test again)
- we are currently in the daily timefront sitting on the ssa
- chikou is currently sitting on the previous candels
In one or two days we should have some price action
- we will be out of the cloud
- chikou will be below or on top of the previous candels
- we are at the 0.764 fibonacci level
- we are testing the upper level of the descending channel (we broke it to test again)
- we are currently in the daily timefront sitting on the ssa
- chikou is currently sitting on the previous candels
In one or two days we should have some price action
- we will be out of the cloud
- chikou will be below or on top of the previous candels
Comment:
Looks like daily MM50 wants to go up and MM100 wants to go down so it's going sideways without price action it should be more positive than negative