Hello everyone!
This is my current take on the beast that is BTC.
We have broken through all major resistances on our way back up to the 10k region. Coming to a halt around 10.4k as expected.
We now have the 200 and fibs backing us around 10.2 and 10k, if btc decides to drop a bit to cool off the indicators, i expect no more downside than 10k before the bulls take back the game and move on to 11.1-11.6 region.
Meaning, this past month would have been a great time to accumulate more corn under 10k before the next major run upwards.
If downwards momentum would confirm itself, than i expect a first test of the weekly 21, sitting at around 9.1 currently, with all this upwards power MA's have snaked around alot, so keep an eye on them.
Good luck to you all, have a good one!
This is my current take on the beast that is BTC.
We have broken through all major resistances on our way back up to the 10k region. Coming to a halt around 10.4k as expected.
We now have the 200 and fibs backing us around 10.2 and 10k, if btc decides to drop a bit to cool off the indicators, i expect no more downside than 10k before the bulls take back the game and move on to 11.1-11.6 region.
Meaning, this past month would have been a great time to accumulate more corn under 10k before the next major run upwards.
If downwards momentum would confirm itself, than i expect a first test of the weekly 21, sitting at around 9.1 currently, with all this upwards power MA's have snaked around alot, so keep an eye on them.
Good luck to you all, have a good one!