BTC, oh sweet BTC, where will you go next?
The 7 SMA has crossed the 77 SMA, 231 SMA is leveling off. I'm thinking BTC is likely to consolidate and consider it to be underwater atm.
Volume has not been picking up and the next major support is around the first (DCA - Dollar Cost Average position).
It appears the harmonic bat pattern was activated (bearish), we're sat in a POTENTIAL inverse head and shoulders pattern.
If we hold above 9k, I'll start slowly adding to my position.
The last point is I drew cyclic lines showing that if the inverse head and shoulder APPEARS, the bullish breakout should happen within the next 6 days.
If we fail to hold 9k, we'll need to reassess the situation, that's why the first DCA will only be 30 - 40%.
BTC Tip Jar: 1PFL9GkDdKX16jKtAbVucLhRTtetHv3RMq
LTC Tip Jar: LYtNZ49jNP87tJCLG8DU4uLNLr7jgsnKt4
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