Market rebound since Powell's dovish (mostly) statements last week and here is the updated charts with all key levels.
What will happen next is unknown but chart remains more Bullish than bearish despite the fundamentals. Key economic factors/data as well as news will dictate the next moves but as always we keep our eyes on the chart and trade around key levels:
21850 is support. Not the strongest kind but a rebound from there would be very probable..if the price goes there before 23300
20720 is the big support. Under that level BTC can be in danger again
23315 is resistance. What used to be the ascending channel is now the key level to break in the bullish scenario. Mind that red line on the chart. Over that level expect big smiles and more Long positions here.
In any case, right now, today, situation is unclear. Thus be prepared for anything
One Love,
the FXPROFESSOR
What will happen next is unknown but chart remains more Bullish than bearish despite the fundamentals. Key economic factors/data as well as news will dictate the next moves but as always we keep our eyes on the chart and trade around key levels:
21850 is support. Not the strongest kind but a rebound from there would be very probable..if the price goes there before 23300
20720 is the big support. Under that level BTC can be in danger again
23315 is resistance. What used to be the ascending channel is now the key level to break in the bullish scenario. Mind that red line on the chart. Over that level expect big smiles and more Long positions here.
In any case, right now, today, situation is unclear. Thus be prepared for anything
One Love,
the FXPROFESSOR
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