Hi guys,
Nothing that crazy happening as of yet but the bias is shifting slightly to the bullish side now.
As we have now broken out of this large descending structure and are approaching the 36.k resistance I thought I would give a quick update of my thoughts.
If the bulls can now find some support from the 35k zone that would be the best-case scenario for BTC bulls right now, this would give them some confidence and the target of breaking the resistance at 36.5k early next week where we will also find the 50 MA line. (Via the daily)
A rejection of this level could be very bad BTC short term so I will keep my eyes on the charts and keep you all updated on my thoughts as we close in on these levels.
(Currently around 3% from the 36.5k zone)
Nothing that crazy happening as of yet but the bias is shifting slightly to the bullish side now.
As we have now broken out of this large descending structure and are approaching the 36.k resistance I thought I would give a quick update of my thoughts.
If the bulls can now find some support from the 35k zone that would be the best-case scenario for BTC bulls right now, this would give them some confidence and the target of breaking the resistance at 36.5k early next week where we will also find the 50 MA line. (Via the daily)
A rejection of this level could be very bad BTC short term so I will keep my eyes on the charts and keep you all updated on my thoughts as we close in on these levels.
(Currently around 3% from the 36.5k zone)