So, still in this thin upward channel and the 50 ma rejected the buying pressure. Another test will be needed before the bears kick in. Strong resistance above. Overall i'm still bearish, but BTC is funny how it plays us. We shall see what tomorrow brings.
Watched this for a while. Again, still early in the day, but a few days back i said this was a broken triangle. BTC got pushed up to the previous support and got rejected.
Not calling it right now, but i still think we're going towards 200ma on the daily. Keep a look out
So, we bounced of resistance. Cloud is now our trend decider. My outlook... we retest previous support in the next week or so. I still think the daily 200MA still needs to come close to retest. We shall see
Looks like we're going to break the cloud. As i havn't used any other indicators at this point, if we do break need to find support points. Looking bearish to me.
Looking at bollinger bands, maybe retest the middle support, we shall see.
Just my opinion, but i think the 200ma on the daily will be retested. May not touch but come close. I think cloud support will be with us for a few days, maybe a week or two, but we fall through and retest.
What do you think?
So, we broke the 50ma on the daily. The cloud is now acting as support. My prediction, is we go sideways onto the cloud, break through and run towards the 200 ma on the daily. If you set up bollinger bands the weekly must retest close to the ma. I am bearish right now, but we will see where we end up.