BTC Consolidation before Bull
BTC daily candle closed below R1 and got rejected pretty hard shortly above it resulting in a quick 6 min sell off. Price looks to have stabilized. EMAs coming up for support, but Daily MACDs turned slightly negative. The 1HR chart has a bullish MACD cross but there’s heavy resistance up ahead so I don’t see it breaking out over next few days. Lows from the sell off should hold but I expect a volatile week maybe of consolidation before we continue the bull run. Long term & Intermediate term still bullish, but Neutral short term (1 week if not shorter). Any positive news on Stimulus Bill could change things quickly. Good time to load up possibly buy any dips, I don’t think we’ll be here to much longer and possibly never again. In the short term look for the laggards from this last run up to take center stage again ie. VET , LINK , XTZ some others definitely but I have a feeling some of the majors might start getting left behind not including BTC or ETH.
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