[BTC/USD] Rally end ? no moon ?

2 thg 10

BTCUSD just barely making its move, then suddenly it must come to and end.

So has the rally ended yet ?

I'm on the side that think this is just the beginning & this drop is really a pullback the price needed to later resume the climb. There are some conditions that indicate this :
- Price & indicators are still positive (I just use EMA & MACD), above 220EMA & above zero line.
- Price just made a (slightly) higher high, so to test its bullish stance, now it needs to make a higher low...after all, as a trader, these are the conditions that we categorize as bullish right ?

So what's next then ? for now, just watch & see the price retesting its strength, now it's testing minor support at 60,500 & its 220EMA. Bearish if price close below 220EMA & EMA made death cross, or MACD back to negative zone.

Cherio...