Since I will be moving my chart work here, I wanted to share what the
BTC
WEEKLY CHART shows. Currently it’s a 50/50 coin toss. Easy cop out, right?
Well before you suggest I’m getting off suggesting it’s a coin toss. Let me explain why!
1) we have a Bullish weekly RSI MA cross.
2) But we have a bearish weekly stochastic,
3) Then to add more confusion to the mix we throw in a NEUTRAL Weekly MACD.
The real question both Bulls and Bears will be waiting to see if our long standing current trend-line holds.
For me, I could easily see us go to that $28.2K area, and perhaps even lower to the
27K
’s, but I would still BULLISH. Why?
Because the MONTHLY CHART is still Bullish.
Lastly, I could also see us bounce, but the key with any bounce would be to clear $32.1K for Bullish continuation.
Time will Tell!
And I’ll be here!
BTC
WEEKLY CHART shows. Currently it’s a 50/50 coin toss. Easy cop out, right? Well before you suggest I’m getting off suggesting it’s a coin toss. Let me explain why!
1) we have a Bullish weekly RSI MA cross.
2) But we have a bearish weekly stochastic,
3) Then to add more confusion to the mix we throw in a NEUTRAL Weekly MACD.
The real question both Bulls and Bears will be waiting to see if our long standing current trend-line holds.
For me, I could easily see us go to that $28.2K area, and perhaps even lower to the
27K
’s, but I would still BULLISH. Why? Because the MONTHLY CHART is still Bullish.
Lastly, I could also see us bounce, but the key with any bounce would be to clear $32.1K for Bullish continuation.
Time will Tell!
And I’ll be here!
JT