Very exciting last few days with $BTC, close to a breakout and maybe even one if your using the linear chart. Personally I use LOG, but we will dive into both. Very nice price action the last few days, and an amazing opportunity to short yesterday if you were trading. Myself personally I dont trade $BTC so take this with a grain of salt. As you can see we came up on a major resistance cluster yesterday, top of log down trend channel, 50DMA, previous log support, 1day cloud, RSI resistance, and previous horizontal support. If you use the TD sequential you would of gotten a beautiful '9' sel signal.
So what can we expect, hoping for a small pullback 68%-73% fib find support off one of these MA's
we dont want more than that or we will start to risk our higher lows, and the last think we want to do is double bottom and test hard support again. In this volatile market, one bad news event could send us teetering. I know everyone that got caught with there pants down in bear trap is really going to root for the worst. Only time will tell.
On another note we have something else to worry about, another bearish MA cross over.
Linear Chart look, will be watching for a retest off past resistance.
4 Hour Peak
1 hour
Hold tight laddies and gentlemen and enjoy the ride!!!!!
Happy Hunting!
dDoge
$BTC $NEO $ONT $ELA $CPZ $DRGN $BLZ $NEBL
Soo far on our $BTC journey!!!
On another note we have something else to worry about, another bearish MA cross over.
4 Hour Peak
1 hour
Hold tight laddies and gentlemen and enjoy the ride!!!!!
Happy Hunting!
dDoge
$BTC $NEO $ONT $ELA $CPZ $DRGN $BLZ $NEBL
Soo far on our $BTC journey!!!
