Situation Report: Bitcoin
Look at the TK complex, it's all wide open and whatnot, but we're inside it. In the time since the ATH whenever price enters a wide open TK it likes to travel a bit.
While the 1D does show a very humble forecast for the first throws of Q1, the current situation is oversold and overcoming key resistances.
Both a bull div and a bear div are present, which isn't atypical for high volatility. Divs in my opinion are dubious at best on their own.
It is still definitely a bear trend still, the recent bump up has so far only amounted to a pulling out of a transonic nosedive; not a trend reversal on longer timeframes.
Technically, this gives the bear div extra mana, but with all the fundamental factors in the world right now a lot of private citizens stand to benefit from cryptocurrencies and on-ramps like Coinbase are basically setting up a massive internet crypto crack den for a plethora of coins.
Who knows, anything can happen. Bullish action in the TK is bullish though, [c-clamp gang] overall it's still a great range to hedge in.
While the 1D does show a very humble forecast for the first throws of Q1, the current situation is oversold and overcoming key resistances.
Both a bull div and a bear div are present, which isn't atypical for high volatility. Divs in my opinion are dubious at best on their own.
It is still definitely a bear trend still, the recent bump up has so far only amounted to a pulling out of a transonic nosedive; not a trend reversal on longer timeframes.
Technically, this gives the bear div extra mana, but with all the fundamental factors in the world right now a lot of private citizens stand to benefit from cryptocurrencies and on-ramps like Coinbase are basically setting up a massive internet crypto crack den for a plethora of coins.
Who knows, anything can happen. Bullish action in the TK is bullish though, [c-clamp gang] overall it's still a great range to hedge in.
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