Last weeks high: $30087.3
Last weeks low: $29469.7
Midpoint: $28852.2
Not a great deal to talk about this week as the plan is very much the same as the last few previous weeks. Bitcoin has a clear resistance at 29.5k since losing that level early last week it's struggled to regain it, it's very difficult to get bullish until that level is reclaimed.
No trade zone for now
Last weeks low: $29469.7
Midpoint: $28852.2
Not a great deal to talk about this week as the plan is very much the same as the last few previous weeks. Bitcoin has a clear resistance at 29.5k since losing that level early last week it's struggled to regain it, it's very difficult to get bullish until that level is reclaimed.
No trade zone for now
Comment:
29.5k reclaimed for now after a strong rally through it!!
Now looking at a potential retest as support. A close above 4H 200ema after tagging 29.5k would make me consider going long with a tight stop. However, should we fail to do one of those things a will stay on the sidelines.
Now looking at a potential retest as support. A close above 4H 200ema after tagging 29.5k would make me consider going long with a tight stop. However, should we fail to do one of those things a will stay on the sidelines.
29.5K is the pivot point and for now it's the ceiling. The FVG is being slowly filled, still looking at to get involved around the 27.5k area.