The 8 41 daily cross is nearing, but not yet.
Everything is in the chart.
Imo the bulls and market is totally overextended right now. Volume has fallen off a cliff and people are weary to buy this high. 6hr bbands are flat and the 12hr is finally starting to pinch. Moves coming soon and that 41MA is beast resistance at the moment.
Of course there is the possibility we just rock our way through resistance. This is bitcoin after all.
Good luck :)
edit - Woops second long position should be from 61.8% (329.64) not the bottom! still expecting a pump to high 400s after.
Imo the bulls and market is totally overextended right now. Volume has fallen off a cliff and people are weary to buy this high. 6hr bbands are flat and the 12hr is finally starting to pinch. Moves coming soon and that 41MA is beast resistance at the moment.
Of course there is the possibility we just rock our way through resistance. This is bitcoin after all.
Good luck :)
edit - Woops second long position should be from 61.8% (329.64) not the bottom! still expecting a pump to high 400s after.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.