quantguy

Bitcoin Testing Upper Levels!!

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has gotten a spark of momentum, making a run for $40K. This is a significant attempt for BTC as we were stuck in the doldrums in the $30K's for what felt like ages. Beware of the cluster of levels around $40K, which will serve as a barrier between current prices and the vacuum zone above to $45K. If we can solidly break these levels then $45K is our next target. If not, watch for support again at $37.7K. The Kovach OBV is pretty strong right now, but watch for momentum to recede a bit as BTC establishes footing or otherwise takes a breather before another push higher.

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