XBT - BTCUSD waiting for a move
XBT has bearish momentum, broke short term trendline, and now still heading up on a positive trendline.
Bouncing on the resistance but this time below 20MA, bulls getting weaker.
Bullish if: fundamentals gain strength (e.g.: major players moving into BTC - FB, Paypal, etc.)
Bearish if: all other instances
If 18.5k support fails, we're down to 16.5k
Waiting for RSI move and price action on 4H and 1D close
Worst case scenario, no action until Dec. 12
Bouncing on the resistance but this time below 20MA, bulls getting weaker.
Bullish if: fundamentals gain strength (e.g.: major players moving into BTC - FB, Paypal, etc.)
Bearish if: all other instances
If 18.5k support fails, we're down to 16.5k
Waiting for RSI move and price action on 4H and 1D close
Worst case scenario, no action until Dec. 12
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