After retracing to the 38.2 fib level, btc is now pushing back up towards the 8330 area. If the bulls have enough power we will a push up to test the previous top at 8500, either forming a double top and dropping back to support or pushing through and continuing up from there.
If btc is rejected again at this level we will see it retrace to find support, with 8k being a key level which has been respected after the most recent bullish run.
If btc continues to follow the same pattern it has been on this bull run, we may see some sideways channeling movement from here before a break either way.
I'm still holding at the moment waiting for some confirmation of direction before making any trades.
If btc is rejected again at this level we will see it retrace to find support, with 8k being a key level which has been respected after the most recent bullish run.
If btc continues to follow the same pattern it has been on this bull run, we may see some sideways channeling movement from here before a break either way.
I'm still holding at the moment waiting for some confirmation of direction before making any trades.