Bitcoin update 20.Mar, BTC on the move to nowhere?
The last sunny days in Bitcoin is a vitamine boost for tired HODLers.We also had some sunny days at home. But as a north atlantic winter, I don't think the correction is over yet.
The Superguppy in the 4 hour chart here combined with the volume make me think this upswing is more of a temporary boost. It may hit the upper channel line wich act as resistance, but turn there. This give an upside to $9500 area.
The middle parallel line will act as support and the swing low line is also parallel.
The 1 hour chart show a bullish Superguppy, but the green investors group are still wide, and the gray traders group went from bull aqua to an indecisive grey.
The bump up show one Trend Break Arrow Alert and two green Swing Arrow Alerts, a bullish signal.
Candle patterns are quite indecisive, alternating bull and bear doji's in the turns.
Volume is decreasing.
The daily chart with TD Sequentials and Ichimoku cloud.
Trading below the red Ichimoku says we are still in bear territory.
TD count 3 green, I would not be surprised if we find a 8 or 9 at the top trend channel, at ~$9,660. If so we will have an exciting weekend.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
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