John_McB

BTC nearing decision point

Long
John_McB Updated   
BITFINEX:BTCUSD   Bitcoin
I'm very eager to see where BTC is going, market sentiment seemed to have turned after yesterday. But we're still not out of the danger. I drew my expectation for the coming day or two. If that plays out we enter an exciting decision point. For now I think we'll test $8500 before breaking up or down, divergence and macd both looking good and TK crossed yesterday.

Note: I'm not an advisor, I'm just training my TA skills.
Comment:
Looks like we got rejected at the drawn trendline resistance. I think it's likely we'll retest 7700/7800 (middle pink line) after a small bounce here. I expected BTC to go a little bit higher, but it all still looks very similar to the yellow circle I drew around March 20th.
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