Tez8

Update #3: BTC - Consolidation Period 4-6 weeks

Short
BITSTAMP:BTCUSD   Bitcoin
SUMMARY: ST Bearish, we continue to consolidation and anticipate 1 week or a bit longer before up trend continues.


-- Technical --

The previous analyses are attached. Continuing to range, looks like we will retest support.

MACD 1D is showing up momentum is continuing to slow.

We are in a slight downtrend channel - Bull flag in the big picture - and expect a support test around the 50k ish level.


-- Fundamentals --

Looks solid for BTC and expect record breaking highs and people's disbelief when it happens.

BTC top 150k (providing no liquidity event occurs) looks on target .



$$$ Happy Bull Market Alts season is here $$$

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*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think, have I got it right? Let me know below.

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