After reeling from another tweet, BTC is still forming nice channel and higher low's. Here is a Hopium chart to get us through the weekend.
Even with the bleed off, BTC is still sitting in a good position to regain bullish momentum. In a perfect world, here is the scenario I would like to see play out over the coming week/s. Regain 42 and 45k while flipping a weak resistance zone and turning support. IMO this was a bear trap. Will watch for volume spikes but at this point I have confidence we push 40k over the weekend.
Even with the bleed off, BTC is still sitting in a good position to regain bullish momentum. In a perfect world, here is the scenario I would like to see play out over the coming week/s. Regain 42 and 45k while flipping a weak resistance zone and turning support. IMO this was a bear trap. Will watch for volume spikes but at this point I have confidence we push 40k over the weekend.