Bitcoin is still in a downtrend and has continued to bounce around the 200 period moving average for the last week. There’s been no clear sign of a bullish reversal yet but this down move is getting a little drawn out and I think it’s due for a bounce. I’m patiently waiting for bullish market structure on the other side of the downtrend line before I consider new longs. Watch the youtube video above for a closer look at BTC as well as a handful of alt coins like MIR, BAND, SUSHI, ADA, NGM, LPT, SUSHI, CELO and more.
Have a great holiday and I hope you all get a chance to spend time with your loved ones. See you next Monday!
Subscribe to the Shift 4 youtube channel where I will be streaming crypto analysis live every Monday at 16:00 UTC. https://www.youtube.com/channel/UC93FSbs_pilRqY77FSkIIfg
