Momentum Shifting for BTCFinally, the cross we have all been waiting for.
A bullish cross on the daily MACD for Bitcoin . This could mark the bottom and see us breaking this downward sloping channel to the up side?
First Target is the 52K area.
I hope so, BUT:
My Liquidation prices are still below the 40k mark as we could easily breakdown to this area:
Lux ECO indicating a move down below 40K mark in the next 16 hours (4 hourly chart).
Lux Momentum still showing downside pressure
BB bands are constricting on the 4 hour so a move in either direction is imminent.
My bias at the moment is to the down side , which sucks... But, I have orders ready at 40k to pick up some BTC on on a Xmas special.
In Summary:
Next 3 days: Bearish - Target 40/41K
Next week Neutral - bias to downside - Target 40-45K
4 weeks or more: Bullish!!!! - Target 68/70K
On-chain - Massively Bullish!
1 min -> 1 day TV Technicals = Strong Sell
1 Week TV Technicals = Sell
1 Month TV Technicals = BUY!!!
Boom,
@theRaggy
