HunterMac27

HunterMac27

After bulling out as expected, BTC looks a bit out of gas for now. The divergences on most every time frame are serious and undeniable, and we have stopped at a key level. After a few bear trappy looks and shakeouts, we have played in a sort of rectangle up top here that is beginning a lot to look like a little distribution phase. The big dogs have made this...

HunterMac27

Partly TA, partly instinctual. No real divergence is showing itself on any time frame, which suggest that this will be a pullback as opposed to a trend reversal. However the speed of the move and the introduction of notably increased sell pressure suggests a pullback. Yellow midlines will say a lot about either confirming a possible bigger reversal, or a...

HunterMac27

Breaking final wedge lines before pulling through EMA's would be most bullish case. Midlines would be next to support. Bearish case, midlines fail and we play into more of a downward channel. Weekly chart supports bullish case, as does the current volume. Target at 5185