BTC Update!
Not a whole lot of change from last 2-3 days or chart postings. Same general area, low volume so really range bound here. Weekly chart absolutely no change since last 2 posts of it so will leave off of this one. 50 Week MA acted as resistance and we potentially have our lower high on weekly. Will be confirmed if daily starts forming lower highs and lower lows.
Daily - we established our higher low yesterday at $7787 which was a pretty ideal spot as I had been looking for anything between $7600-8100 ideally so bulls will want to hold this level. Bears looking to keep things under $8488 and force a lower high which could put us into a pretty tight equilibrium pattern on daily. 12 and 26 EMA's slowly catching up on Daily and RSI ever so slowly cooling off but still sitting fairly high currently.
4 Hour - RSI nicely cooled off so bulls have a good set up to start to re-test our recent highs. We do have lower highs now in play on 4 hour so bulls will be seeking to break $8277, $8325 and then $8488 to get bulls back into control.
I have scaled back into positions on yesterdays drop and have cash reserved if we do fall further towards $7600 but otherwise am comfortably in a position to ideally see the bulls march higher here.
Just My 2 Sats!
