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In my last BTC idea I predicted the long from 19.8K and now I think its time to talk about BTC again. Everything is very uncertain at the moment but I am struggling to be bullish in the short/mid term. The MA is working as a support that we are testing almost every day. MACD just crossed in the 1D chart and many traders thought that we were gonna drop towards 25K but that didn't happen. If we drop to 25K the sideliners would probably join and we would have more strenght to break above the 29K resistance. Lower time frames are showing signs of sideways movement.
In the long term I am very bulllish, almost no resistance in the weekly and montly charts so a rip to 36K wouldn't surprise me. Altcoins had a nice run but most of them are still undeperforming BTC.
Feel free to leave your opinion.
In my last BTC idea I predicted the long from 19.8K and now I think its time to talk about BTC again. Everything is very uncertain at the moment but I am struggling to be bullish in the short/mid term. The MA is working as a support that we are testing almost every day. MACD just crossed in the 1D chart and many traders thought that we were gonna drop towards 25K but that didn't happen. If we drop to 25K the sideliners would probably join and we would have more strenght to break above the 29K resistance. Lower time frames are showing signs of sideways movement.
In the long term I am very bulllish, almost no resistance in the weekly and montly charts so a rip to 36K wouldn't surprise me. Altcoins had a nice run but most of them are still undeperforming BTC.
Feel free to leave your opinion.
Comment:
If BTC closes below the first EMA we will probably see a retest