janwatson

BTC At a Critical Point

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Currently BTC             is struggling whether it should be a bear or bull for the moment. It perfectly bounced of the top of the cloud at 9000 which is a bearish signal.

BTC             Is currently moving below the Moving average and should see a day close above 8200 in order to gain bullish momentum.

Signal can be strengthened when it breaks out of the Cloud. We need to carefully watch the closing of today,
Kommentar: BTC pulled back to the SMA. Interesting to see whether it can close above it.
Kommentar: Currently breaking out of the cloud with high volume. Looking great. Now we need to close above the cloud to gain further upside potential. Next target will be 10300
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