Hi Everyone
A 3min update - In our update yesterday I mentioned the possibility of us retesting 40K for the second time, and that has since happened. In fact, over the past 24h we have had multiple attempts at cracking 40K. Unfortunately, we have been unable to close above this range.
Our technicals are pointing towards more bearish pressure currently at play.
On the 3 hour, there is a fractal that leans towards the bearish side:
I intend to watch the 0.5 fibonacci line for support (38K) for the near term.
Thank you for watching,
BlockTechEv
A 3min update - In our update yesterday I mentioned the possibility of us retesting 40K for the second time, and that has since happened. In fact, over the past 24h we have had multiple attempts at cracking 40K. Unfortunately, we have been unable to close above this range.
Our technicals are pointing towards more bearish pressure currently at play.
On the 3 hour, there is a fractal that leans towards the bearish side:
I intend to watch the 0.5 fibonacci line for support (38K) for the near term.
Thank you for watching,
BlockTechEv
Comment:
Hi guys, update on BTC - Support at 38K holding so far. I expect us to keep trading in the range between 40K resistance and 38K support until there is a clear indication of which way we're going to go. Sub 38K we're heading lower, close above 40K and we're heading back to 50K.
Comment:
Hi guys quick update - technicals are looking good, we might see 44K over the weekend. Cheers
