After get rejected from bottom bolinger on daily bitcoin finally getting to the target-daily red resistance band.
This is first test of resistance red band after strong decline, and usually first test is good to sell ,
Bitcoin fly in to red sky. Let’s see reaction from sellers.
So far nor clear reaction on 4hr chart it broke through top bolinger on 4hr without resistance.
15min top bolinger will be next resistance target.
Very interesting couple days ahead. If no strong sell reaction on this first entrance in to red - this will be signal to the bulls that sellers are weak and bulls will go full force to break above and to push prices to 48-50 level.
If sellers will be able to reject price down, then bottom bolinger band on daily again will be the target to downside to be retested.
Look on ideas attached.
This is first test of resistance red band after strong decline, and usually first test is good to sell ,
Bitcoin fly in to red sky. Let’s see reaction from sellers.
So far nor clear reaction on 4hr chart it broke through top bolinger on 4hr without resistance.
15min top bolinger will be next resistance target.
Very interesting couple days ahead. If no strong sell reaction on this first entrance in to red - this will be signal to the bulls that sellers are weak and bulls will go full force to break above and to push prices to 48-50 level.
If sellers will be able to reject price down, then bottom bolinger band on daily again will be the target to downside to be retested.
Look on ideas attached.
