ביטקויןלונג
BTC 5-10% upside bias; but BIG RESISTANCE ahead
BTC looking bullish for now, staying above all short term DMAs (5,10,20 & 50)
Bollinger Band & the pink dma 20 are pointing upwards.
There is only a thin resistance at the cloud so maybe a 5 to 10 % upward move still possible.
However, the violet dma 100 is coming down fast to stop the bulls.
The red dma 200 line is almost crawling on the very strong pitchfork median line.
The blue dma 150 will cross down dma 200 soon & put a lot of pressure on the bulls in the 47k to 50k zone.
I think even if bulls BO the cloud, that zone will still cause BTC to reverse back down to 44k before
any rally could continue.
Not trading advice
Bollinger Band & the pink dma 20 are pointing upwards.
There is only a thin resistance at the cloud so maybe a 5 to 10 % upward move still possible.
However, the violet dma 100 is coming down fast to stop the bulls.
The red dma 200 line is almost crawling on the very strong pitchfork median line.
The blue dma 150 will cross down dma 200 soon & put a lot of pressure on the bulls in the 47k to 50k zone.
I think even if bulls BO the cloud, that zone will still cause BTC to reverse back down to 44k before
any rally could continue.
Not trading advice
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