Bitcoin Relief Rally Leaves Us Wondering What's Next by scaredycatguide

View this thread on steempeak.com
· @scaredycatguide ·
$4.86
Bitcoin Relief Rally Leaves Us Wondering What's Next
So after aggressive selling the last couple weeks we finally saw some relief as priced rebounded during this week.  It was a well needed bounce, but the question is will it be anything more than just a relief rally now that the oversold conditions are being worked off.

## Any Follow Through?

![Capture.PNG](https://cdn.steemitimages.com/DQmeYxpP5JMr3ySb3xwo25QBeTMTt7Wrbi4PawENK9yWTUb/Capture.PNG)

#### Flirting with the prior support after hitting the 10 day moving average

As you can see price bounce to a familiar level churning around the 7600 area before running out of gas and selling of a bit today.

That price area saw support to 7400 so a close above there still gives us a chance for a continued price push.  A close above 7600 would be ideal though.

If price sells off some more and finds itself down toward 7200 then the sellers are still clearly in control and just took a little break.

It's all probabilities and this is my opinion so we shall see what happens.

<center>![Scaredy Cat Guide Logo_FBcoversize2.jpg](https://cdn.steemitimages.com/DQmeCDMPmFPa7KqzA6FreJnBYc6Ya886a9LDuiBChvp1TXb/Scaredy%20Cat%20Guide%20Logo_FBcoversize2.jpg)</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 136 others
👎  , ,
properties (23)
post_id82,157,418
authorscaredycatguide
permlinkbitcoin-relief-rally-leaves-us-wondering-what-s-next
categorysteemleo
json_metadata{"tags":["steemleo","palnet","money","cryptocurrency","bitcoin"],"image":["https:\/\/cdn.steemitimages.com\/DQmeYxpP5JMr3ySb3xwo25QBeTMTt7Wrbi4PawENK9yWTUb\/Capture.PNG","https:\/\/cdn.steemitimages.com\/DQmeCDMPmFPa7KqzA6FreJnBYc6Ya886a9LDuiBChvp1TXb\/Scaredy%20Cat%20Guide%20Logo_FBcoversize2.jpg"],"app":"steemleo\/0.1","format":"markdown","canonical_url":"https:\/\/www.steemleo.com\/@scaredycatguide\/bitcoin-relief-rally-leaves-us-wondering-what-s-next"}
created2019-11-30 22:00:54
last_update2019-11-30 22:00:54
depth0
children0
net_rshares21,260,499,715,132
last_payout2019-12-07 22:00:54
cashout_time1969-12-31 23:59:59
total_payout_value2.976 SBD
curator_payout_value1.884 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,169
author_reputation226,754,312,587,080
root_title"Bitcoin Relief Rally Leaves Us Wondering What's Next"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (203)