Hello Everyone
My thoughts on current Bitcoin level :
Bulls need to defend 38-39k Area to keep have the upper hand and they need to successfully Test and break 44k this Week and claim it as support. If 44k Rejects Bears are going to push for 38-39k Hard and it is a MUST hold area for Bulls to keep the price from revisiting 30-32k Area.
IF (big IF) BTC closes below 38k it will be really hard to claim it as support again and it will be a great Short opportunity on the retest of the new Resistance.
I will not open ANY long or short positions before a confirmation.
THIS IS NOT FINANCIAL ADVISE
Always do your OWN Research and Protect your Assets.
My thoughts on current Bitcoin level :
Bulls need to defend 38-39k Area to keep have the upper hand and they need to successfully Test and break 44k this Week and claim it as support. If 44k Rejects Bears are going to push for 38-39k Hard and it is a MUST hold area for Bulls to keep the price from revisiting 30-32k Area.
IF (big IF) BTC closes below 38k it will be really hard to claim it as support again and it will be a great Short opportunity on the retest of the new Resistance.
I will not open ANY long or short positions before a confirmation.
THIS IS NOT FINANCIAL ADVISE
Always do your OWN Research and Protect your Assets.
Comment:
Well it worked!