Last time we analysed bitcoin, we were looking at the 36K level for a bounce up. Price retested the 36 level and shot up 16%!
We are now at a very strong level where we are seeing some resistance. We can see that previously price broke the 42K level and retested it on its way down.
LONG IDEA: Wait for the 42K level to break and get in on the retest.
SHORT IDEA: Wait for the ascending correction to break and get in on a bear flag back to the 36K level as first TP.
We are now at a very strong level where we are seeing some resistance. We can see that previously price broke the 42K level and retested it on its way down.
LONG IDEA: Wait for the 42K level to break and get in on the retest.
SHORT IDEA: Wait for the ascending correction to break and get in on a bear flag back to the 36K level as first TP.