Bitcoin Daily - Where are we going now ?
Right now, PA is in a strong position to at least stay where it is.
It has found support on the 382 retrace Fib line, bounced off the 200 EMA, with the 50 EMA just below should that fail AND with a diagonal support line just below.
Also, the StochRSI is oversold and ranging there, waiting. RSI has also cooled off nicely
The ONLY things that can change a slightly Bullish feeling are the simple facts that the Daily NACD is still Bearish and none of us are completely Sure just et, where the DXY Will go next
As a reminder, DXY opens PRE TRADING on a sunday night and this Can effect BTC PA negatively if the DXY is heading up
Be ready to react
It has found support on the 382 retrace Fib line, bounced off the 200 EMA, with the 50 EMA just below should that fail AND with a diagonal support line just below.
Also, the StochRSI is oversold and ranging there, waiting. RSI has also cooled off nicely
The ONLY things that can change a slightly Bullish feeling are the simple facts that the Daily NACD is still Bearish and none of us are completely Sure just et, where the DXY Will go next
As a reminder, DXY opens PRE TRADING on a sunday night and this Can effect BTC PA negatively if the DXY is heading up
Be ready to react
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