$BTC: Bearish? Bullish? Or, Neutral?
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!
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