BTC short term. Good News & Bad News.
Good News is that the start of the recent trend is based on retesting the 15 months old bearish trend line which was broken sooner. BTC went up 18% in about 71 hours and then rejected from the 6 Months old resistance and came down 7% in 8 hours. Fibonacci levels are interesting to notice.
Good news is that there is a bullish trend line acted as support each time price was rejected.
Bad news is that the last high is lower than the previous one with lower volume. And we will have less volume and price movement for Saturday (today) and Sunday (tomorrow).
Generally, the trend is bullish, but the price action has weakened since the last pump. Waiting for more information.
The script used for weekday average can be founded here
Good news is that there is a bullish trend line acted as support each time price was rejected.
Bad news is that the last high is lower than the previous one with lower volume. And we will have less volume and price movement for Saturday (today) and Sunday (tomorrow).
Generally, the trend is bullish, but the price action has weakened since the last pump. Waiting for more information.
The script used for weekday average can be founded here
nfa & dyor
Invest Smart!
Invest Smart!
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