TheCryptoMonkey

TheCryptoMonkey

As the daily chart shows, we should expect lower buy in opportunities. Minor ascending impulses will happen on the way down, but I would consider this a NO TRADE ZONE! Dollar cost averaging your buy-ins will help eliminate risk! Prices should expect to fall to zones 1 or 2. #BTC

TheCryptoMonkey

Downward channel = ascending breakout. A breakout to test the $8,282 is expected on the one hour. A significant breakout is needed for the bulls to crush through higher resistance levels. RSI & MACD indicate a reversal. If bulls cannot carry this pivot, expect a retracement to test support at $7,750 levels. #BTC

04:01

TheCryptoMonkey

We are currently trying to close out the daily candlestick above the 50 day MA so we can have bullish support. The bulls are trying to break resistance lines, and will be facing another resistance around $8,800-$8,900 which is where the 200 day MA sits currently. RSI confirmed the bounce off the 40 which could indicate a bullish turn. The 4 hour chart is looking...