MACD is bearish and RSI is neutral however the timing for BTC is perfect considering consensus which seems to be a positive event for cryptos.
BTC is staying above 8600 for last few hours and that's a good sign. Not much volume so can't count it as support and hard to identify any great resistance in sight. If things which drive the cryptos remain positive, there should be an extended healthy correction to dumping we saw in 2 days ago and thus, it might be a good time to buy BTC or alts.
BTC is staying above 8600 for last few hours and that's a good sign. Not much volume so can't count it as support and hard to identify any great resistance in sight. If things which drive the cryptos remain positive, there should be an extended healthy correction to dumping we saw in 2 days ago and thus, it might be a good time to buy BTC or alts.
Comment:
We are at a No trade zone now... Both shorts and longs have been squeezed in last 24 hours.... never know if there are more squeezes on the way.
