BTC to the doom again? Bullish Macd cross
Updated
Sorry, I am nor a BEAR or a BULL. I really want a good market to trade at.
Right now, BTC is pretty hard to predict. From my technical point of view he is just unpredictable. Mostly.
I would like to see the others be a bit more honest about this.
Anyhow I am mostly out since 8400 until I get a better idea of whats going on. I would jump back in betweeen 8300 and 8600 to go for a ride to 9800. But no more.
Maybe maybe maybe, haha :-). we are at the point I circled in the chart above.. Yea we have a bullish Macd Cross on the daily. But in the past months this was not a good sign, actually it marked to point of a huge reversal.
I would really love to hear your opinion about this.
KK
Right now, BTC is pretty hard to predict. From my technical point of view he is just unpredictable. Mostly.
I would like to see the others be a bit more honest about this.
Anyhow I am mostly out since 8400 until I get a better idea of whats going on. I would jump back in betweeen 8300 and 8600 to go for a ride to 9800. But no more.
Maybe maybe maybe, haha :-). we are at the point I circled in the chart above.. Yea we have a bullish Macd Cross on the daily. But in the past months this was not a good sign, actually it marked to point of a huge reversal.
I would really love to hear your opinion about this.
KK
Note
Also I would like to draw your attention to the RSI, that seems to like to make double tops and seems to have heavy resistance at the daily ~46 level.I am not saying anything will happen, but this right now feels like a trap to me. This might lead us until 9800 (if we break 9300 soon) or even to 10800, where we will face heavy resistance.
Glad to hear your opinion.
Note
So far so good.. not too much happend. Just the way I expect it to warble down. Hard to make proper targets atm.Next bigger target is 6000 for now.
Note
There goes the "bullish" macd cross:To me we are in the middle of the road downwards to 5175.
This will be a nasty week for most of us.
Good luck.
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