Little by little the 1H and 4H are starting to show bull are back in control. Daily and Weekly are still in the red but slowing down for now
Perhaps after all this FUD created by Elon not taking more BTC for his Teslas is passing un der the bridge and we can move on to fight those resistances at 52k , 56k and the 60k.
Im thinking we are not out of the woods yet but this area sure presents an opportunity to buy at a slight discount with a really tight stop right below 40k, just in case the bulls get another case of the jitters and we dip to the 40's.
Momentum reversed a little bit and started to accumulate in a squeeze in this range. This could potentially make it bounce back up shortly or we can go sideways for a few days before dropping again. We would have to watch it closely
Keep on the lookout and best of luck on your trades
Perhaps after all this FUD created by Elon not taking more BTC for his Teslas is passing un der the bridge and we can move on to fight those resistances at 52k , 56k and the 60k.
Im thinking we are not out of the woods yet but this area sure presents an opportunity to buy at a slight discount with a really tight stop right below 40k, just in case the bulls get another case of the jitters and we dip to the 40's.
Momentum reversed a little bit and started to accumulate in a squeeze in this range. This could potentially make it bounce back up shortly or we can go sideways for a few days before dropping again. We would have to watch it closely
Keep on the lookout and best of luck on your trades