My last post I incorrectly used a 200 SMA for the bottom of the sandwich. I should have used a 200 EMA and I have updated the chart accordingly. With these averages the sandwich is still intact.
We are still waiting for a breakout from this sandwich. It has attempted to breakout 6 times so far and has failed each time.
It can only chew the Bitcoin, for so long before it has to spit it out. Which direction it will go is anyone's guess. But when it does go, I expect it to be violent.
We are still waiting for a breakout from this sandwich. It has attempted to breakout 6 times so far and has failed each time.
It can only chew the Bitcoin, for so long before it has to spit it out. Which direction it will go is anyone's guess. But when it does go, I expect it to be violent.
