Hive account@pawsdog i will start by saying thank you for this valuable piece of information on btc. I am one of those who have been closely monitoring the South-North movment of the price, and also it trending in the coin market and the reflective influence it has on the steem and steem dollar because of it pegs.

Yesterday, I noticed some slight change in the correlations on the BTC/SBD price which shows slight difference in the former price when it shot to 11k. But my intuition tell me that steem dollar is digging real deep and becoming more valuable by day (Anyways this is outside the subject matter for the day but i feel i should talk about it).

Price in the vast majority of scenarios ALWAYS, ALWAYS, ALWAYS comes back to test a major Moving Average for support after breaking above it. Currently the 6 hour 77 is around $9170 and will incrementally creep upwards so long as price stays above till a point that they meet. Give it another day or so and it should be around $9300-$9400 which will also be the 1 day 21 period moving average, possibly the 12 hour MACD 0 line and just enough below the 4 hour 77 so as to give us rebound momentum to the upside.

So the quote says it all.

Bottom Line;
There is light at the end of the tunnel

thank you so much.
i am me Hive account@brightfame