BTC broke above the resistance at 34.8k
Yesterday, we said to watch for a bounce near 32.8k, we pushed lower but still formed a higher low (from June 23) which signaled that we weren't going lower.
I also said to look for the reclaim of the VWAP, and as you can see, we broke above it, retested it, and then it was just up from that point.
Now, I expect Bitcoin to go higher (even if we get a pullback to like 34k, or even a bit lower) and test the resistance area at 36k (from 35.5k to 37k)
So look for longs now for the move higher, and then we'll see the reaction of BTC once it gets to 36k and will update you as always
Any questions?
Good luck traders
Remember not to break your rules
Habib
Yesterday, we said to watch for a bounce near 32.8k, we pushed lower but still formed a higher low (from June 23) which signaled that we weren't going lower.
I also said to look for the reclaim of the VWAP, and as you can see, we broke above it, retested it, and then it was just up from that point.
Now, I expect Bitcoin to go higher (even if we get a pullback to like 34k, or even a bit lower) and test the resistance area at 36k (from 35.5k to 37k)
So look for longs now for the move higher, and then we'll see the reaction of BTC once it gets to 36k and will update you as always
Any questions?
Good luck traders
Remember not to break your rules
Habib
