BTC - Death Cross versus the Blue Box Bull next 24-48 hours
There has been a well defined and stubborn uptrend within the Blue Box Support Range. Previous downs have bounced on this trendline three times. If BTC holds this range, expect to hit the upper end of the larger downtrend (large upper dashed line) around $9,000-9,500 but if it falls below the blue box, expect to retest $6,500. Next 24-48 hours are critical.
I think the economy is looking stronger than we thought and there is a lot of money on the sidelines. Altcoins will be more resilient and help support BTC. Google says right now is the 2nd most BTC has even been searched and 1st was the overall BTC high.
Plenty of reason to be bearish, but plenty of opportunity for trading with a long bull view as well.
I think the economy is looking stronger than we thought and there is a lot of money on the sidelines. Altcoins will be more resilient and help support BTC. Google says right now is the 2nd most BTC has even been searched and 1st was the overall BTC high.
Plenty of reason to be bearish, but plenty of opportunity for trading with a long bull view as well.
