The Long Investor

$BTC TOP 20

Added 2023-09-16 17:30:02 +0000 UTC

$BTC has been moving sidewards for the last 6 weeks.....which must be said has been impressive considering the wild swings by some Mega Caps and an uneasy feeling in the market. The price is still above our Blue line and the count is still valid.

The variable here remains the 50 Day MA crossing through the 200 Day MA over the last few days, this is not a good sign for $BTC, unless it can find strength very quickly and the 50 Day MA can go move back above the 200 Day MA.

If the price tests the 50 Day MA from below and rejects....this could flush down. So we will see this week how it manages the 50 Day MA, a flip here to support would be a strong move for the bulls.