Short term, seems short- Ranging between Fib lines (thick colored) and trending down on the daily, however still holding above he 50 day MA - 4 hour crossed below 125&200MA but right on the 50 MA for both 4 hour & 1D. We are right on the money with the downward trend since the end of June (28/29).
Mid term -On the daily it looks like the appetite is toward the 8K range (ranging 7,600 to 9,400) which is sing low of beginning of June or somewhere between 7,200 & 8,400 which would be the first time we crossed over long term trend line. That same red thick line trending up (monthly support) for be the renewed support at 9,100.
Long term - Needless to say, since my first post testing how to use this thing, I see that we crossed the 200W MA and that is long term bullish - period.
But more confirmation says on the weekly, all MAs are trending up and we have plenty of room since they are all the way down at the 6,500 level.
Thanks - buy bitcoin, but don't rely on it.
Mid term -On the daily it looks like the appetite is toward the 8K range (ranging 7,600 to 9,400) which is sing low of beginning of June or somewhere between 7,200 & 8,400 which would be the first time we crossed over long term trend line. That same red thick line trending up (monthly support) for be the renewed support at 9,100.
Long term - Needless to say, since my first post testing how to use this thing, I see that we crossed the 200W MA and that is long term bullish - period.
But more confirmation says on the weekly, all MAs are trending up and we have plenty of room since they are all the way down at the 6,500 level.
Thanks - buy bitcoin, but don't rely on it.