axanthics

axanthics

Where do

axanthics

BTC was rejected by 100 Day MA resistance and failed to test support line extending from March 2017.

axanthics

BTC has broken through the 50 Day MA to the upside after being rejected on 4NOV and 6NOV; it is now testing the 100 Day MA. If BTC breaks through to the upside of the 100 Day MA, then it has $6800 as the line of resistance with the 50 and 100 Day MAs as support. RSI still has some room to go. All of this is consistent with my previous posts that we are in an...

axanthics

BTC appears to have broken out of the descending wedge as of 15OCT18 and, in my opinion, has moved into an accumulation phase, which is consistent with my previous posts. After breaking through to the upside (due supposedly to US Tether FUD - the reason is irrelevant in my opinion), BTC mostly rode above the 50 Day MA as support for over a week from the 15-26OCT....

axanthics

Here my 2 cents... take it for what it's worth. Extending the lower wedge (starting in Mar 17) to the perceived break in the bearish structure a couple weeks back (caused by US Tether FUD), I see that BTC's price action is riding the lower wedge now as support. Couple with this, on the most recent pullback, BTC appears to be riding the top of the descending...

axanthics

I see the breakout to the upside today representing what may be a fundamental shift to the accumulation phase and break in structure if BTC closes at a higher high. Bears haven't been able to break $6K since August 2018. The lower part of the wedge extends back to March 2017. RSI currently has a little more room to go. Although I'd love to see a close above...