BTC Trend, much needed perspective

28 sept 2017

I have spent so much time analyzing and trying to figure out the direction of BTC, I struggle because I have seen what happens when it takes off, and have witnessed plenty of FOMO in this market. I do not know with certainty what our short term will be. I think it will return to the 3100 support, then attempt another push up before heading for the 2600 range. I do however fully expect in the next few weeks a return to the 200 day moving average, illustrated by my Blue line on my Bollinger Band. Coincidentally....or not so much I think, there is also a major support line lining up with it right now, and I think that is where we are heading. BTC has not been back to the 200 day MA on the Day chart since its price has been skyrocketing this year.