Volatility has muted out in recent days post cme futures expiration.
The MACD and RSI show that btc should be poised for a move in positive territory, coupled with some positive sentiment as of recent this could be an interesting space to watch.
In addition we breached the .236 fib retracement. It really looks like we could have a small rally coming
Feel free to...
it looks like we could have some recovery, everyday leading onto the last friday of the month the bears come out as the shorts build. the day of the friday the future positions are meant to close there usually is some recovery
Even with all the bad news , i am still bullish on crypto in the long run. spotted this one today, its abit of a long call, we need a 20% move in the direction north while following the pattern to make the W. if the price of eos is at ~5.6 im going to be extremely bullish in the medium term
Check out the chart guys and let me know what you thibnk
It looks like were about to enter EW Wave 1. an impulse wave on the downtrend, if this does happen we can hit our downside targets which are the next fib retracements quite easliy.
poor market sentiment for now could help push us there. and then its back to the moooon