BTC - Uptrend or Fakeout? Pt. 2
So for the bulls we have a cross below the cloud, a MACD that has also crossed below the 0 line, and we have the RSI looking to put in a higher high. These cases are all lightly bullish at this time. What about the bears? Well they could say that the price has not put in a higher high yet, which is the most important thing. That could happen any day though! Other than that, they could say that the price is trading under the cloud and that is acting as strong resistance. So we will have to see what happens!
I have been bearish on BTC as of late, but a higher high would change my mind. We have to remember that markets can resolve themselves by just moving sideways and that could be what is happening here. I will happily turn bullish because the gains are always great! Keep your head on a swivel!
Happy trading!
Brandon Anderson
derzzycharts.com
I have been bearish on BTC as of late, but a higher high would change my mind. We have to remember that markets can resolve themselves by just moving sideways and that could be what is happening here. I will happily turn bullish because the gains are always great! Keep your head on a swivel!
Happy trading!
Brandon Anderson
derzzycharts.com
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