Bitcoin: Breaking out? Consolidating? About to Drop?

2023年6月30日

We have been getting stuck in these sideways moves for a while now with Bitcoin, so what do you think?

1 = About to break out.

2 = Consolidating and will continue sideways for a while.

3 = This is the top and expect a drop back down the chart.

2023年6月30日

註釋

Peaked through 31K again. Could be a good sign.

2023年6月30日

註釋

Adding this image as the 1,2 and 3 positions don't display on all resolutions.

2023年6月30日

註釋

So indecisive but a big daily range of 6% as bulls and bears battle for direction.

2023年6月30日

註釋

Personally, I'm hoping it's 1.

Thinking its probably 2.

And in Denial for 3.

2023年7月14日

註釋

Squeeze was on so breakout it is:

2023年7月16日

註釋

........ and back to range trading. Boring :)

2023年7月28日

註釋

Broke below support and more sideways action.

2023年8月2日

註釋

Finally back up above the 20 and 50 day moving average that were providing resistance (if you believe in that sort of thing). MACD looking more interesting though. Back below the 0 line and crossing which often indicates a bullish value area.