BTC All coming to a head now
BTC solidly broke through the downtrend from 20k which rejected twice before,
The 100/200 EMA has crossed back on the 4h timeframe and below
so it's all looking like rockets are fuelled for take off,
~BUT
The next step is the long term S/R line around 11.8k which has been showing up since the December bull run.
We're edging closer but bumping along under it at the moment
I'm not trading this now but have both short and long strategies ready for a breakout
Rejected at 11.8k - I'm shorting expecting down to 11.1k for a retest
Above 12k and I'm long for a likely 10% upswing
Stay safe
The 100/200 EMA has crossed back on the 4h timeframe and below
so it's all looking like rockets are fuelled for take off,
~BUT
The next step is the long term S/R line around 11.8k which has been showing up since the December bull run.
We're edging closer but bumping along under it at the moment
I'm not trading this now but have both short and long strategies ready for a breakout
Rejected at 11.8k - I'm shorting expecting down to 11.1k for a retest
Above 12k and I'm long for a likely 10% upswing
Stay safe
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