BTCUSD 8/6 UPDATE
Gaining strength after showing weakness/neutral trading up until the cross-section. Ichimoku is not pictured here to keep things cleaner, but it is supported and well above the cloud on the hour. Although I'm bullish long-term (duh), I think it's likely this will be a short lasted upward move into rejection territory, followed by the fall to the first support level. I'm cautiously bullish and don't plan to add to position unless there's a clear dip.
It's my opinion that we may see a "flash" crash or the like caused by quick drop in RSI and/or divergence on chart. Likely in tandem with bounce expected in USD and greed from weak hands/dumb money.
How do you all foresee today and the rest of the week going? How long till we fill the CME gaps below 10k if ever?
Cheers,
Drew
It's my opinion that we may see a "flash" crash or the like caused by quick drop in RSI and/or divergence on chart. Likely in tandem with bounce expected in USD and greed from weak hands/dumb money.
How do you all foresee today and the rest of the week going? How long till we fill the CME gaps below 10k if ever?
Cheers,
Drew
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