Here we go again. Price is making another run a 40K. If price manages to break above that level things will start to get interesting. So for the downward trendline has been broken and retested. Above 40K first resistance would be the 382 fib (42K) then the 618 fib(52K). I am not getting too excited as the bottom could easily fall out if sell orders pile in from people who have felt trapped at the highs. Worth watching, though as a rally could be fierce. An aggressive entry would be to go long on a pull back to 37K.. Safer play would be to wait for price to get above the 382 fib. You could then look for price to consolidate and then enter on a break higher.
