BTC outlook for 19 April 2022.
BTC has reject my support level perfectly yesterday before pushing back above the 40k level. Here is what I am looking for today:
1) BTC to form a good resistance level on the smaller timeframes (4h and 1h).
2) BTC to break above and close above the formed resistance and keep pushing until the daily flips bullish.
3) A break above 41,6k will be a great bullish indicator for further continuation.
We wanted the bulls to step up this week and having done exactly that earlier than expected I would like to see them take this momentum and push BTC back towards the next weekly resistance around 42,4k.
1) BTC to form a good resistance level on the smaller timeframes (4h and 1h).
2) BTC to break above and close above the formed resistance and keep pushing until the daily flips bullish.
3) A break above 41,6k will be a great bullish indicator for further continuation.
We wanted the bulls to step up this week and having done exactly that earlier than expected I would like to see them take this momentum and push BTC back towards the next weekly resistance around 42,4k.
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