#BTCUPDATE - 27.5.21
Strong bounce all day, coming into a key box of resistance between $39k to $40k.
We have broken above the local resistance and seem to be holding for next leg up to test $40k. There is a slight indication of a Bearish Divergence on the 4hr - so watch out of a rejection although I think it would on ly be down to about $38.8k.
There is a noticeable volume breakout on the 4hr too which is encouraging after quite some time of relatively low volume.
Good bullish (unclosed) daily candle showing. If we break and hold $40k then it is going to be a strong push up before the weekend.
Strong bounce all day, coming into a key box of resistance between $39k to $40k.
We have broken above the local resistance and seem to be holding for next leg up to test $40k. There is a slight indication of a Bearish Divergence on the 4hr - so watch out of a rejection although I think it would on ly be down to about $38.8k.
There is a noticeable volume breakout on the 4hr too which is encouraging after quite some time of relatively low volume.
Good bullish (unclosed) daily candle showing. If we break and hold $40k then it is going to be a strong push up before the weekend.
