Recent Price Movement:
* Initial push past major resistance (Purple)
* First attempt at 200-EMA rejected (Black)
* Ratio is currently trading below major resistance (Purple).
Short-Term Price Movement (Neutral):
* Bitcoins recent rally introduced a lot of volatility. Will need consolidation before making a safe entry.
* Resistance still at the 200-EMA. Will need a convincing break of this resistance to indicate more upside.
* Initial push past major resistance (Purple)
* First attempt at 200-EMA rejected (Black)
* Ratio is currently trading below major resistance (Purple).
Short-Term Price Movement (Neutral):
* Bitcoins recent rally introduced a lot of volatility. Will need consolidation before making a safe entry.
* Resistance still at the 200-EMA. Will need a convincing break of this resistance to indicate more upside.