Divergences are showing up nicely, weekend bearish momentum should end soon and perhaps we should retrace to at least second fib level along the resistance.
From there - either bearish continuation to 40k or further move up.
The idea is to trap the retail so perhaps a quick wick during the next hours going down but then moving up only to move further down after trapping more longs.
Take care, its messy.
From there - either bearish continuation to 40k or further move up.
The idea is to trap the retail so perhaps a quick wick during the next hours going down but then moving up only to move further down after trapping more longs.
Take care, its messy.
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Retest of the taken out high - > if successful -> further growth to next level. Still trade with caution, not out of the woods yet, may reverse down once it starts hitting previous resistance levels / MAs on higher TM.
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Gotta clear this level for further upside otherwise may reverse from here:
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Shieeeet, I just love it how whenever btc starts moving in a direction - 90% of the charts follow that direction.
Since now almost every other chart is long - I would probably prefer to take some profit of this leg up if it doesn't clear the 0.50 fib in the next few candles.
Since now almost every other chart is long - I would probably prefer to take some profit of this leg up if it doesn't clear the 0.50 fib in the next few candles.
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RETEST SHOULD HOLD otherwise going down:
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Perhaps a retrace from here as divergences are appearing on lower tm:
Should rest on fib 0.50 for a while that will show the direction afterwards as there is resistance above currently:
Should rest on fib 0.50 for a while that will show the direction afterwards as there is resistance above currently:
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Potential retrace from here:
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More party or going down?
Time to see
Time to see
