Watching the grass grow is as exciting as watching BTC right now
BTC 12HR
We have been consolidating sideways for a while now between 6400-6600, for me this is no mans land, a few indicators are looking bearish to me though..
According to futures data 72.35% of retail traders are long, thats ammo for a large down move in my opinion, although we have BAKKT coming up next month so i am bullish, but for now expecting a slow move downwards while BTC market cap spreads out the alts get some love.
Most pro traders and big money are sitting on the sidelines, we need some news or a major event for BTC to get moving!!
-Forming wedge
-MACD looking bearish to me
-Bear div on STOCH RSI
-Price crossing under EMAs again
We have been consolidating sideways for a while now between 6400-6600, for me this is no mans land, a few indicators are looking bearish to me though..
According to futures data 72.35% of retail traders are long, thats ammo for a large down move in my opinion, although we have BAKKT coming up next month so i am bullish, but for now expecting a slow move downwards while BTC market cap spreads out the alts get some love.
Most pro traders and big money are sitting on the sidelines, we need some news or a major event for BTC to get moving!!
-Forming wedge
-MACD looking bearish to me
-Bear div on STOCH RSI
-Price crossing under EMAs again
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Too easy.