EliteSignals

EliteSignals

I mentioned briefly the other day how bitcoin would probably hit the $23200 area before coming back towards the upside. The wicked on the one hour was ten dollars lower than I predicted. The one hour MACD looks like it is about to get a green dot while after it Converged with the price. The price was going down still after the dump while the signal line was...

EliteSignals

While Bitcoin is going sideways, It managed to drop $300 from the red Doji on the daily that I mentioned previously. Although the MACD on the daily, 4H and some of the bigger time frames are looking to curl up for a pump the smaller charts are saying that we could see $23,760 soon. Bitcoin will continue to make small $300-$500 moves up and down until the weekend...

EliteSignals

All this just as the MACD is diverging from Bitcoin. XBT still needs to have another test of the $23200 area before things really get going in the long direction possibly near $27,000USD/BTC

EliteSignals

I think Bitcoin will go back down to the next yellow line because it is not holding up for now. The macd is helping with this. There is time for it to turn around and go long again. But it will still go sideways for a few more moves up and down before the big pump that is imminent.