BTCUSD | PUSHING TOWARDS THE UPSIDE WILL IT KEEP ITS STRENGTH?

Hello Traders,

Having a look at BTCUSD at the moment we are seeing a nice push towards the upside it broke our 25-50 moving averages and it's dragging above our support.

We if we would want to buy this trade we would really have to think off the upcoming resistance level and the downtrend, there is space for a decent risk reward.

I would enter again if we get a nice bullish engulfing candle off the moving averages, or if the candlesticks move to support I would wait for a double confirmation before re-entry.