Here focusing on the daily chart for Bitcoin, I am still in my long position and like the ascending support trend line, unless we close a daily candle below this, I am anticipating testing horizontal resistance as we have this short term trend reversal to the upside.
Great to see we got the nice bounce from the second retest of trend line and have broken 200MA resistance, want to see close above $32,700 to confirm the complete trend reversal to the upside. A bounce off the 200MA and bullish cross of the MACD would be great to see.
As per yesterdays post the 200MA and horizontal resistance needed to be broken before we got excited and saw a huge rejection from them, want to see a bounce of the trend line (break out and retest then bounce etc.
Here we are famz, as per posts leading up to this point we are now testing the significant resistance trend line on the 4hr and we have seen decent volume, our long in play is going well, and a breakout here is what we were hoping to see. Time will soon tell.