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BTC on the edge of collapse/reversal

Bouncing on the long-term upper trendline, stuck between the 9 and 20 EMAs, also under a price action based horizontal resistance. I have placed 3 Fibos, 1 showing the possible fall, and 2 to support the possible trend reversal out of the correction. I am not making a move here, watching and waiting for confirmation either way.

67 0 0
BTCUSD Daily close analysis 16-2-17

On the 1D BTC chart Another day of bullishness and so far in today's session we are looking strong above the 150EMA and the upper trendline. My only concern is the inability to close above 10,300. RSI has, at last, broken it's LH LL downtrend. Other than this there really isn't much to report. Just remember that we have seen similar action in the recent ...

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