BitcoinsHello Frens,
Daily timeframe:
MacD, RSI, and Stochastic RSI are showing signs of a short term reversal towards the upside.
With proper buying volume we can see a run towards 50-52k if not then, we will see more sideways movement.
Weekly timeframe:
Rsi and stochastic RSI are in oversold areas looking for some downward movement.
MacD showing signs of weakness, with histogram reversal.
Only way we can proceed towards our upward goal of 100K is if we see a weekly close above our Supertrend, north of 54K which I think is unlikely with everything going on in the crypto media(Evergrande).
Conclusion:
Short term bullish for the next 1-2wks, long term bearish 2-3 months.
We are definitely on our way to set a new ATH but not at this time, expect new ATH December to March.
Godspeed.
