I said I will change my mind about the market the moment
BTCUSD
is out of this channel. We are nudging against moving out of it right now. Here is a macro view on the down trend in it's entirety. The most recent week's candle fits right between a 50/200EMA. Our Squeeze momentum indication is turning over to positive volatility, I have marked the 6k we all see as the next resistance to confirm a new trend if a break above this happens. I have also marked a couple low supports if a breakdown occurs below our previous sideways micro trend. I personally don't think it will break above 6k right this second. But it looks like we can get out of this channel potentially. At least
LTCUSD
is way ahead. Shown Here:
Hope everyone has been making those gains/accumulations etc.
Love you.
BTCUSD
is out of this channel. We are nudging against moving out of it right now. Here is a macro view on the down trend in it's entirety. The most recent week's candle fits right between a 50/200EMA. Our Squeeze momentum indication is turning over to positive volatility, I have marked the 6k we all see as the next resistance to confirm a new trend if a break above this happens. I have also marked a couple low supports if a breakdown occurs below our previous sideways micro trend. I personally don't think it will break above 6k right this second. But it looks like we can get out of this channel potentially. At least
LTCUSD
is way ahead. Shown Here:
Love you.
