Friends , today is a BIG day for 
BTC, we have already got over the key $49.8K level, and now are trying to leap over $51.1K. That said, $51.1K is a MUCH more challenging level as you can see from the attached chart. We have a confluence of support in the Inverted Fib and the upsloping trend line that has held thus far. A bounce from current levels would send BTC lower ( remember its an Inverted chart), a break down and we rally. The NEXT level of stiff resistance comes in at roughly 
54K, but We will wait on discussing that level, since all that matters now is we break down on this chart. Bulls and Bears will fight here, so do not be surprised by some short term volatility. At the minimum we want to stay over $49.8K. Full disclosure: This looks like it wants to break down. Bring it! :)
BTC, we have already got over the key $49.8K level, and now are trying to leap over $51.1K. That said, $51.1K is a MUCH more challenging level as you can see from the attached chart. We have a confluence of support in the Inverted Fib and the upsloping trend line that has held thus far. A bounce from current levels would send BTC lower ( remember its an Inverted chart), a break down and we rally. The NEXT level of stiff resistance comes in at roughly 54K, but We will wait on discussing that level, since all that matters now is we break down on this chart. Bulls and Bears will fight here, so do not be surprised by some short term volatility. At the minimum we want to stay over $49.8K. Full disclosure: This looks like it wants to break down. Bring it! :) 
JT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.