#BTC looks to be pretty steady for the moment. The 50MA kissed the 100MA and bounced off nicely (first blue circle). The 50 then created a little bit of breathing room vs. 100 (red circle). This is pretty much what I am watching. Can the 50 stay above and separate a bit more, that would be impetus for higher move. That being said, being end of year holiday time, profit taking, would not surprise me to see a bit of a dip or fairly steady in this range. Looking for a fairly large move Jan 2-5 area, as this aligns with a longer term pattern. We shall see. Trade safely.
- by admin