Hello, as usual BTC likes to behave contrarily to what indicators. This move came unexpectedly but not unpredictably. This is why technical indicators are not the best way to "predict" (as everybody uses the same ones) and they have t be accompanied by fundamental analysis.
But allow me to highlight the fact that BTC, for the first time from 2017, is ABOVE the retracement area of the ride from 500$ (Aug 16) to 20k of December 2017. Actually the price went above in June 2019 but was rejected the day after. This is why this week is crucial: we need to stay and close the week above the 12450 level. 6 months after halving, the next bull run seems closer :)
But allow me to highlight the fact that BTC, for the first time from 2017, is ABOVE the retracement area of the ride from 500$ (Aug 16) to 20k of December 2017. Actually the price went above in June 2019 but was rejected the day after. This is why this week is crucial: we need to stay and close the week above the 12450 level. 6 months after halving, the next bull run seems closer :)
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