BTC looking a bit more bullish today. I would still like to see a fake out occur around this level and see BTC move back above the previous support zone now turned resistance around the 40,5k level. here is what I am looking for today:
1) If BTC manages to respect yesterday's low's and break previous high's I do expect to see the fake out and BTC to move back above the 41k level.
2) If BTC does not break previous high's and breaks yesterday's low's I expect it to move to the next support zone around 38k and closer to retesting my long term trend line.
1) If BTC manages to respect yesterday's low's and break previous high's I do expect to see the fake out and BTC to move back above the 41k level.
2) If BTC does not break previous high's and breaks yesterday's low's I expect it to move to the next support zone around 38k and closer to retesting my long term trend line.