TonyTheBullSeverino

Quick Update: Bitcoin – Still Not Fully Convinced, But Ready To Pivot

This was always going to be a PIVOTAL move, so one side was always going to end up winning and it would be dramatic

No side won yet, so we haven't got the drama

When one side gives in, you will know

The market wanted to close the monthly and quarterly the way it did yesterday. I am going through all of those signals now and will report back soon on that.

For now, I wanted to show that this still has potential to turn back down

Price is hitting the 50 day SMA - getting above it for a third time should send this up higher. Rejection obviously leads to now lows

LMACD could puke back down (kinda looks like it will) or cross bullish and move about the zero line

RSI is close to making it above 50, but is also hitting a lost uptrend support line turned resistance

Still hard to flip bullish, but getting closer to having no choice but to do so

Overall, if this reverses higher I see two things: It will be short-lived and won't be new AT