BTCUSD looks to be bottoming @ 200 Weekly MA.
Expect some sideways action range bound between 200 MA (lower limit) and 200 EMA (upper limit).
Note - volatility adjusted moving average shows strong resistance with 200 EMA in $4100-4200 region, expect large breakout above these prices.
Break below 200 MA is certainly on the table still.
This view will change if we break below 200 MA and fail to regain.
Expect some sideways action range bound between 200 MA (lower limit) and 200 EMA (upper limit).
Note - volatility adjusted moving average shows strong resistance with 200 EMA in $4100-4200 region, expect large breakout above these prices.
Break below 200 MA is certainly on the table still.
This view will change if we break below 200 MA and fail to regain.
Comment:
Comment:
Resistance has been met at 200 EMA and we remain range locked.
Possibly time for a re-test of 200 MA ( or a new low ?).
Resistance has been met at 200 EMA and we remain range locked.
Possibly time for a re-test of 200 MA ( or a new low ?).
So long as ~3100 level holds, we look for further price consolidation before stronger moves upward.