Very nice MA50 test on the 4H chart and BTC sprung back from it. I expect 25k before going to the lower 20s.
Another bounce here seems likely as it has done in the past.
Filecoin is having its first MA200 test since 2021. This is a massive test, as the amount of time between interactions is so large. Currently, it looks set to break through.
AVAX has been battling the MA200 for the past few days. It is currently above it, though from past history, it looks like it could reject.
Rune just reclaimed the MA200. Looking promising as all other coins are at resistance or facing upthrust concerns.
ROSE overextended and got rejected from the MA200. I deployed all shorts to other tokens, but this would also make a good one.
Theta literally right at the MA200. Could do a trade with a super tight stop loss (short).
ICP just broke through the MA200. I took a small long, though I don't believe in the token.
SAND underside test of the MA200. Assume a rejection.
VET is pushed up against the MA200, looks set to reject here.
LINK is right at the MA200. Assume a rejection until proven otherwise.
I believe the bottom is likely in as the January 60 Day Cycle Low didn't put in a new low. The trend is beginning to reverse, and the bottom could very well be in. ETH in particular is looking very strong.
Watch this channel as BTC attempts to breakout around 21.5K. Watch for shooting star candles followed by a quick reversion back into the upper trendlines. If there's a clean break-through, you'll know.
Just noticed that RUNE rejected off the MA200 a few days ago. Nothing to act on now, too late for a short, but keep an eye out for a retest.
I believe that BTC is overextended on most time frames. I think we could stall out here soon and consolidate between here and 22.5k for 1-2 weeks. Not necessarily saying short, but take profit on longs.