Short term price consolidation on BTC
Nice run! Finally! With bull volume! But we are getting overbought on the short time frame and therefore need to see a steady pull back in price with low bear volume before another leg up. Wick on Daily bar insinuates a pivot point in current trend. J on KDJ (yellow) shows short term overbought. 100ema smacking bitcoin as price resistance with 200ema right overhead. However, RSI is building strength for more and KD on KDJ shows room for a bit more push up. MACD shows room for more divergence. Best setup would be pull back for 2-3 days and then another leg up making possibly the 4-5 leg.
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