BTC has had a three weekly green candles in a rows, and has broken all the diagonal resistance structures in play. Seems like the bulls are back in town for the time being. Diagonal resistances are not the only resistance structures in play, and we've create strong horizontal structures on the way down. Looking at the daily we are yet to create a higher high, from our last high of 9186, although we are almost there. This level is an critical to break before and close above before id assume any change of trend. So whats next. The previous low of 6400 is unlikely to get taken out in the next dip, and a higher low is very likely. A close above 9200 confirms this bullish move and potential break of the bear trend. We've created some support level although be it they are weak, with the exception of 7,800. For now we are in a wait and see scenario, at least until we have a better picture of the next swing low. I will be looking to pick some BTC up there, as another leg up is very likely, as we try to break our way above 9,200.
Comment:
First Higher high since January 7th. Waiting for swing low to enter. Previously missed entry by 30$ at 7800
Trade active:
@8660 part position. Analysis to follow later
