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BTCUSD Flirting w/ 200 Daily MA
We crossed the 200 daily moving average and as previously mentioned could see a correction and retest of 200 MA before setting up for the final move in this wave.
Weiss signaled a sell just before midnight indicating a 2 - 4 day correction on the upward trend.
Possible scenarios are we go back to the .38 Fib Extension at around 42.430 and get a new buy signal setting us up for the races on the final stretch towards 58-59k. (Preferred)
Second option is the more uglier, that we get a few days choppy movement around the 200 MA, before going higher.
This is not a market I would be shorting, but waiting for a buy signal on the Weiss indicator.
Weiss signaled a sell just before midnight indicating a 2 - 4 day correction on the upward trend.
Possible scenarios are we go back to the .38 Fib Extension at around 42.430 and get a new buy signal setting us up for the races on the final stretch towards 58-59k. (Preferred)
Second option is the more uglier, that we get a few days choppy movement around the 200 MA, before going higher.
This is not a market I would be shorting, but waiting for a buy signal on the Weiss indicator.
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