Looking at Channels and fib time lines it appears that we have a bearish trend on BTC before correcting and going to even higher levels. Due to FOMO, too many investors jumped into bitcoin after the steep rise from $2000->10,000 making it then double. Early bulls now have an opportunity to take their profits before years end (great for industrial money as...
The floor has been found. The bullish trend shall continue unless bears from Goldman Sachs and other big money players continue to suppress the stock to try to scare out smaller investors. The trend, pipeline of deals, refinancing of debt, technological advantage and scalability of infinity fabric, integration into new Apple computers, deals with 'the big 7'...
Notice RSI index and stochastics correcting, bollinger bands have touched the top (another signal towards a correction). We will test resistance but it is possible the bears that have entered the markets, along with a bubble (note it is possible for an asset to both be in a bubble and undervalued), will move BTC down to normalized levels. I am expecting a fall...
Lagging span has risen above price action and price action has risen above cloud resistance. Looking Bullish for the time being for Stellar
As the fibonocci's, MACD, and Stochastics show, it is overbought with momentum downwards and re-entry could be between 615-650