BTCUSD: Shorter Summary of Current Price Action Next 8 Days
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Hi Everyone! Wanted to provide a quick summary for those not interested in watching the longer 20-minute video. Hence, this 7 minute video… We do see potential to run up to $46,600 to $49,100 (White/Aqua Upper B-Bands in 4-Day time frame) the NEXT 4-Day candle. However, we would anticipate a pullback to the $43,000 to $44,000 price range at the B-Band Basis in the 4-Day shortly afterward. Why? Because that would be considered over extended too soon in the 4-Day with the Blue LSMA this low if we were to run up to the White/Aqua Upper B-Bands the NEXT 4-Day candle.
Hope this was helpful…
Happy Trading and Stay Awesome!
David
