BTC is currently in a consolidation pattern and tightening range. Historically BTC has used the 100-day MA (moving average) as support which it has now broken but still tethering around this level.
The Weekly MACD is just about to cross BEARISH which gives us a bear signal :(
BUT
What we need to see is BTC tighten up over the weekend to a point it has to break. We need to confirm the daily MACD Bull Cross and defend the Weekly MACD Bear CROSS.. This break will determine the trend for BTC going into 2018 in my opinion.
If we break Bearish i think we will see a test of the 200 Day MA which will bring us into the NEW Buy Zone between 8500-7500 approx
LET HOPE THE BTC BULLS SHOW UPP!!! :)
Keep a CLOSE Watch I will be..
The Weekly MACD is just about to cross BEARISH which gives us a bear signal :(
BUT
What we need to see is BTC tighten up over the weekend to a point it has to break. We need to confirm the daily MACD Bull Cross and defend the Weekly MACD Bear CROSS.. This break will determine the trend for BTC going into 2018 in my opinion.
If we break Bearish i think we will see a test of the 200 Day MA which will bring us into the NEW Buy Zone between 8500-7500 approx
LET HOPE THE BTC BULLS SHOW UPP!!! :)
Keep a CLOSE Watch I will be..
