Hi guys :)
We all know, that we are in a very important stage of Bitcoin´s midterm development.
There are two major topics been this week: CME Gap and the historically bad January.
Both very often heard prophecies did not come true yet. Technically the CME does not count as closed and the January has so far been pretty good.
Does this mean now we cannot go lower anymore? That would be naive to say.
Technically we are at a huge resistance zone, with decreasing volume completely overbought on 3D (via Stochastic RSI).
The push that is needed to bring Bitcoin above this rather extremely short-favouring situation, cannot come from technical analytics.
Don´t really have to say anything else today.
As usual marked all important levels.
Neru
We all know, that we are in a very important stage of Bitcoin´s midterm development.
There are two major topics been this week: CME Gap and the historically bad January.
Both very often heard prophecies did not come true yet. Technically the CME does not count as closed and the January has so far been pretty good.
Does this mean now we cannot go lower anymore? That would be naive to say.
Technically we are at a huge resistance zone, with decreasing volume completely overbought on 3D (via Stochastic RSI).
The push that is needed to bring Bitcoin above this rather extremely short-favouring situation, cannot come from technical analytics.
Don´t really have to say anything else today.
As usual marked all important levels.
Neru