There doesn't seem to be anything stopping BTC as we progress further into December. With the launch of futures trading I predict this will push BTC towards to the £10k mark at which point the volatility of BTC might start to diminish and we could see our first correction down to the 0.618 FIB or 0.5 FIB (£7.3k and £6.4k respectively). Anything sub £5k i'm all in...
RSI is oversold on 1hr+ timeframes, macd is horizontal and looks ready to cross.
Currently resting on historical support and BBands are squeezing tight. A decent injection of volume should see this move up
BTS is currently accumulating along it's bottom in a wedge formation between support and resistance.
Once Stoch RSI hits oversold and crosses back up we could see a breakout hitting the black target lines which fall in line with previous resistance and support lines.
