BTC Consolidation at 100K
Strong wicks show demand on the downside countering drops from 100K with a solid demand floor at 90K.
Log() Rainbow shows considerable location of BTC in overall mapout with repeating accumulation zone, works great at the 100K value we currently sit in.
While rotation into Alternative Coins will continue, consolidation in BTC will also continue until unprecedented weakness manifests.
Current outlook: 80% bullish on BTC 20% bearish (correction based)
Log() Rainbow shows considerable location of BTC in overall mapout with repeating accumulation zone, works great at the 100K value we currently sit in.
While rotation into Alternative Coins will continue, consolidation in BTC will also continue until unprecedented weakness manifests.
Current outlook: 80% bullish on BTC 20% bearish (correction based)
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