Is it time for BTC to kick some butt again? Well something big is about to happen. It looks the way of the bulls but im not sure. I dont have a target, but I am long here.
I personally think the bottom was long ago, and the last quarter of this year is going to be triumphant. Divergence is settling down and I look for a strong breakout of our triangle soon to the upside. The RSI is converging as well. Something has to give!
Happy trading!
Not trading advice. Do your own research.
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looks like overhead right now is ~$6800 (trend line resistance) and ~$7200 (200 daily MA). we need some closes above both of those before id say we are in a bull market, i can't even say for sure we are out of a bear market though we have been trending up. My long position from $6600 on CB has stayed in. RSI is ranging in a wedge, and divergence has narrowed. Its time for a big break in some direction. I hope up, but you need to keep your stop loss trades entered because nothing is ever sure. especially in crypto.