Regardless of previous posts and old bias's that I had from last year the price action in the US indices clearly shows that the bull market is back. We are incredibly overbought on nearly all time frames other than the daily which has a little more room to run. In any case make sure that when this does eventually pull back that you BTFD like it's 2017 all over again!
ETH/USD Bitfinex opening with a down gap below the developing trend and 200 SMA on both Daily and 4H Timeframes.
Potentially more sideways price action today, coiling inside of the triangle for a breakout.
Levels to watch:
Fib 0.5% level: $272
BTCUSD possible death cross forming as traders take profit going into the new week.
Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7200 to a swing low of the $5800 range, a potential play ahead of the fork could bring high...