BTC broke above descending channel with volume! This is nuts!

6 ส.ค. 2019

See my previous charts and scenario predictions:

Yes! :o and wow!

Nopes!

Zoom-in to see current price action in this chart! This is crazy!
I believe it probably will come down to retest 200 sma -- But will it?

6 ส.ค. 2019

บันทึก

Yes it did come down for the retest as predicted!

The price needs to find support above the 200 ema, as the ema continues to head on forward in its current positive slope. If it goes below, then it will be signal for a continuation of the descending channel.

It will be useful to monitor the FUSIONGAPS and the MAJESTIC oscillators from here on out, to look at weather if the momentum is being sustained, or accelerating/decelerating.

Note: Typo above, it should be “ema” as well.