The recent bullish trend meets the long term bearish one.
Actually, as you can see the battle between the bulls and the bears is already on.
So far the bears have defended their position, but the attacks are getting more and more.
The Bollinger Band has narrowed indicating a big move is coming.
Really can't say if its gonna get us to higher or lower levels.
But since I don't see volume rising and considering that those that bet on halving have already opened their position, I get the feeling that the bulls are weak.
However, we are just trend followers (aren't we ?) and we'll need to wait and see the battle outcome
Actually, as you can see the battle between the bulls and the bears is already on.
So far the bears have defended their position, but the attacks are getting more and more.
The Bollinger Band has narrowed indicating a big move is coming.
Really can't say if its gonna get us to higher or lower levels.
But since I don't see volume rising and considering that those that bet on halving have already opened their position, I get the feeling that the bulls are weak.
However, we are just trend followers (aren't we ?) and we'll need to wait and see the battle outcome