BTC.D is aproaching the top of the accumulation range and if we dont clear the 47% level we will see a rejection and return to the lows of the range before further action.
short until 1.05 then long if the retest of that level holds. other wise looking for a confirmation of new resistance and will short the under side retest of new resistance.
if we clear this level look for a lower high to form but expect bullish response. maybe a retest of the
0.4630 level after clearing it before continuation towards the local high (or as close as it can get.)
if we clear this level look for a lower high to form but expect bullish response. maybe a retest of the 4.87 level after clearing it before continuation towards the local high (or as close as it can get.)