BTC 1hr chart...whats the next move?
BTC keeps tightening...bound to make its move very soon one way or another. the oft-mentioned CME futs expiration is tomorrow of course.
lots of overhead resistance, and was very nice reversal off of 5750, but not a very good sign that we havent moved higher since then. Been 5 days.
The longer we coil like this, the more violent the move will be when it occurs.
Bulls need to break above the upper end of ugly downward channel we have been in since 10k. Should we re-visit lower end of that channel..it now sits in low 5k's fwiw.
lots of overhead resistance, and was very nice reversal off of 5750, but not a very good sign that we havent moved higher since then. Been 5 days.
The longer we coil like this, the more violent the move will be when it occurs.
Bulls need to break above the upper end of ugly downward channel we have been in since 10k. Should we re-visit lower end of that channel..it now sits in low 5k's fwiw.
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