BTC - possible break of long term resistance line
Updated
BTC refuses to go down lately. I believe the bullish sentiment comes from a possible break of a long term down trendline, even sideways movement for a few more days would be bullish. Im sitting on my hands for now, but consider buying the break out.
If we dump from here i would expect to reload at the 200MA weekly.
(not trading advice)
If we dump from here i would expect to reload at the 200MA weekly.
(not trading advice)
Note
Break to the upside confirmed even though this has likely been the result of one large buy order that started the pump according to reports. If you didn't catch this trade, I would currently not FOMO into a long position since a retrace is becoming likely.
There is bullish momentum, maybe enough to reach 5800 but it's high risk to buy in now, I would watch price action with patience and hopefully a retest of previous resistance near 4400 before I really believe that we will start a new episode of a BTC bull market.
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