$BTC TOP 20
Added 2023-09-11 01:51:19 +0000 UTCBitcoin has not moved all week and so the plan here has not changed, it is still above our bull case blue line but we can see here that the 50 Day MA is about to cross down through the 200 Day MA which is a bearish indication, so if this is going to move down, it is going to happen soon.....however, if the price can start reversing this week, it can flip the 50 Day MA back above the 200 MA and save the impulse structure.
I am interested in starting a position here but not in this current set up, I think this is on a knife edge and the bulls still have more work to do to reverse this.
I would be more attracted to entering if the price can come down lower.
