BTC looking very strong but ....
The current pricing is creating a dilemma, to the upside btc needs to break this 9700 9800 range with conviction and should head to test 10k easily, and if surpassed should reach to the most recent high of 11,700 pretty quick, great news for us holders!
Just need some weekend buying volume to get us through the 9800 and reach for the 11,7.
To the downside, If we do not crack the current price it could be realised to be forming a double top again, if we start falling watch for the break of the trigger point at 8900 to activate the sell off to the target of 6500 zone once again. Not good!
Question is, will we be buying in to the big mac this weekend, the position of the MACD is looking like it agrees.
No major drama though, if we drop i'll be buying more ready for the big bull run straight after.
Pick a side or just go with the flow.
The current pricing is creating a dilemma, to the upside btc needs to break this 9700 9800 range with conviction and should head to test 10k easily, and if surpassed should reach to the most recent high of 11,700 pretty quick, great news for us holders!
Just need some weekend buying volume to get us through the 9800 and reach for the 11,7.
To the downside, If we do not crack the current price it could be realised to be forming a double top again, if we start falling watch for the break of the trigger point at 8900 to activate the sell off to the target of 6500 zone once again. Not good!
Question is, will we be buying in to the big mac this weekend, the position of the MACD is looking like it agrees.
No major drama though, if we drop i'll be buying more ready for the big bull run straight after.
Pick a side or just go with the flow.