one_up

Whats going on with BTC?

GEMINI:BTCUSD   Bitcoin
Looks like another consolidation period, will it go to another Yearly ATH or will it correct to lower levels?

The Daily time frame suggests a near term move higher or neutral, weekly time frame suggests bearish, and monthly is turning bullish.

The NVT is still in Overbought territory.

The Stoch RSI is correcting towards a bottom.

The ADX is neutral.

Money Flow suggests moves upwards in the near term.

The MACD and AO suggest a small correction or neutral.

In the near I would expect a consolidation and possibly a move higher to 20k or a correction towards 9k.

Penafian

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