Boomer

Boomer

It seems as though some support around 253 has held for now. 4 hour RSI bounced off trendline. I would expect to see a movement to retest 262 again. If broken, then head to 270. Must reassess if 270 is reached.

Boomer

It seems as though the bears, at least in the intermediate term have lost their strength. It looks as though a solid double bottom was put in and will hold for now. The 1 day MACD will turn up with any sort of upside movement and the bear trend line is very close to being invalidated. Expecting a small run up to at least 270 within the next week or so. If the...

Boomer

Bouncing off of a bear trend line and failing to breach prior support, now resistance, leads me to believe that the price will head back down to retest our local bottom. This is Bitcoin though, so keep your eyes peeled.