After a big battle in 30k zone, bulls took control and Bitcoin rose 30% in a very short time. At this moment the main crypto is trading just under 40k and is facing a strong technical confluence resistance. A correction is probable at this point but as long as the price stays above 35k there are good perspectives and bulls are in control. Buy dips is my strategy at this moment
That diagonal is not properly set up, the confluence could be as high as 43,000 if the price action were to touch it tomorrow. Price already rebounded from a supporting Fibbo area in a lower timeframe, it could continue up easily in the short term and THEN test the confluence within a few days if not tomorrow.
prefabsprout
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haha yesterday's candle shouldve been a reversal..
so this is either a nasty bull trap or BTC doesnt really care what ppl think it just wants to go to the moon again.