Bitcoin Retest and...

3 Jun 2019

Just something to keep an eye on. BTC lost trend, came back up to retest and now you'd normally expect to see a confirmation of that as new resistance and continuation of the bear trend. (But be mindful that when using a trendline like that it may go back up and touch it again and sometimes price even appears to make it above only to later fall down). Obvious point here though is be happy with the profits you've made, no need to be greedy at these levels. Especially since we have no confirmation of a bull market, no higher lows on weekly yet and no retest of either breakout makes this seems like a fools rally.