On the Daily's for Bitcoin (above), we see that, on Tuesday, BTC dropped to approx $8,555 at the 61.8 fib level, also finding support there above the 50 sma (blue line), before a bounce.
From there, see the red arrow, the price was held up as the bulls battled to move the price up above the 13 ema (green line), approx $8,775 and the 21 ema (brown line), approx...
Bitcoin is nearing a decision point. Above, we see that Bitcoin has formed a bullish flag following the sharp move up, which began in early April. Volume largely dried up during its formation and it should increase, if we are to see a breakout above the upper channel. Bullish flags typically represent a midpoint in a move upwards.
Below, we also see a bullish...
Bitcoin's price on the daily's has been squeezing and finding support at the 8 EMA for the last few days and today the price wicked down to that level, again. I see two likely scenarios from here, the longer this squeeze continues. We either see price breakout to the upside, or, most likely is that BTC breaks support at the 8 EMA. However, If that happens, I...
