Still leaning towards retesting $54 before we see it retesting $90+. Largely based on US infection rates fast approaching critical 10% level. It seems likely that we will see a pull back in US equities based on negative short term outlook.
Is it going to break this down trend and jump up to $90 or retrace back down to $50? Difficult call to make considering the upcoming halving and the complicated macro situation.....
BTC can go one of two directions right now. Similar pattern with ETH. I wouldn't trade either one until it breaks the pattern. But it is s good gauge for the rest of crypto as well.
When BTC and ETH break the pattern one way or the other, the rest of the market will follow.
Leaning towards bearish right now but predictions are pointless
BTC is holding for now. Should see a move back up to $12k. If BTC breaks 12k is when we see the next move up.
Slow and steady is the name of the game for BTC now.
Been bullish on BTC since the 15 day SMA crossed over the 50 day SMA. I missed last weekend's action because I wasn't really expecting any type of movement. The last few weeks have been dead. I got back in today $8100 once I saw that it broke through the $8000 resistance. Marked my new resistance at $8400. Exited at $8340.
The question is where do we go from...
