I'm being cautious here as BTC has had a difficult time getting past the $38,000 mark. Since the last time we broke 40k, we've tested this area 5 times and each time the price has been rejected. Looking at the one hour chart, I can see bearish divergence which is causing me to hesitate. One could argue that this divergence in moderate in strength, but seeing the difficulty BTC has had to break and hold this area, I'm going to err on the side of caution. I think the move might be fast so I will wait for Bitcoin to definitely show me which way it is going.
Today, it broke the resistance line of 40k, nice that!
jpbrown1023
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@Ali11m, Today, it's back below 38k :( That's serious resistance
Ali11m
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@jpbrown1023, I bought at a price of $40800, it seems like I was wrong on buying at that region, I am waiting for the price to go back to 40s for me to get out with no loss.
jpbrown1023
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@Ali11m, I’m still bullish as long as we stay over 38k