BTCUSD 1 hr chart update

If I'm pressed to say up or down I'm going with up from what I am seeing. Perhaps something along these lines. But even if up... can we break to a new high or will it turn below the high and head lower? Tough to say... These are just ideas, please consider all sources of information and formulate your own opinions. Etc, etc...

Komentarz:

As you can see here BTCUSD 9.99% made its move sooner than my projected pathway however it still has not gained the support of the 200 MA on this one hour chart which will be key for a continued bullish momentum. To me this indicates that there is a potential for a retrace here and then another attempt will be made, so be cautious here.

In my next chart we will move in closer to see where it actually has gained the support of the 200 MA and will likely be the 15 min or 30 min chart.

Komentarz:

Yes, BTCUSD 10.41% has now conquered the 200 MA on this 45 min chart however, as you can see... the wave undulation of the 50 MA here is indicating a potential downward movement which will likely draw the price action lower in the short term. I have adjusted a projected pathway but I would really like to see BTCUSD 10.41% take support on the one hour chart to be more convinced of a long call but I am still leaning to bullish and a move back to the 20 K range.