After the weekly bearish divergence was confirmed, Bitcoin started to move down again.
And now just tapped the bottom of a very nice parallel channel.
Bitcoin is squeezed between the Daily 13 EMA and 55 MA.
Soon a decision will be made ... and a significant move (up or down) is to be expected.
Once we clear 32K with a weekly candle close, Bitcoin is ready to move upward substantially.
In the mean time we are just ranging.
And now just tapped the bottom of a very nice parallel channel.
Bitcoin is squeezed between the Daily 13 EMA and 55 MA.
Soon a decision will be made ... and a significant move (up or down) is to be expected.
Once we clear 32K with a weekly candle close, Bitcoin is ready to move upward substantially.
In the mean time we are just ranging.
