BTC is having a bearish div, expect this to start moving soon
BTC can spike up into my 25200-28000 zone and then reverse with the markets down.
When will it start moving I dont know, its in its own bear market cycle, dont expect this to be over till at least sometime next year
My thoughts are these:
- move up into the resistance zone of 25200-28500
- down to 14-15k
- up back to 18-20k
- Final 100% extension into the 10-11k zone before it bottoms.
RSI is below 50, MACD is below 0 and diverging, no need to make it complicated
Dont see any capitulation, but accumulation at the lows.
Im a buyer at 11k+-
When will it start moving I dont know, its in its own bear market cycle, dont expect this to be over till at least sometime next year
My thoughts are these:
- move up into the resistance zone of 25200-28500
- down to 14-15k
- up back to 18-20k
- Final 100% extension into the 10-11k zone before it bottoms.
RSI is below 50, MACD is below 0 and diverging, no need to make it complicated
Dont see any capitulation, but accumulation at the lows.
Im a buyer at 11k+-