Bitcoin Daily & 4 Hour - Weekend outlook - Strength exists but..

I posted this chart a few days ago as we were coming back to test that long term Blue trend line for support.
We lost that and the 4 hour chart shows us that the Bulls have retried claiming it and Lost.....for now.

4 Hour chart BTCUSD

Here we see that attempt rejection and the possibility of a drop back down to 88K -> 86K

Initialy, this could look bad and we need to remember, it may be.....But......

The 4 hour MACD is still falling Bearish

MACD & Signal line below Neutral - but look at how the Histogram is White and the Bars are getting smaller. Bears loosing strength
The drop may be slowing down.

Longer term daily MACD

Still plenty of room to move higher though the Histogram is lagging behind the 4 hour obviously.
Remember, we get FOUR 4 hour histogram bars to a single daily

And we still have BULLISH signals in the SOPR chart

These little flags on the line keep confirming the Bullish idea

SO over all, we do have BULLISH sentiments for the weekend with potential for a continued dip till the 4 hour MACD turns Bullish again....Maybe Sunday, Monday.

Have a Good Weekend and be noce to people..it costs nothng

Orriginal

Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice

Penafian

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Orriginal