So far, so good, is the expression that comes to mind at the moment. While stocks continue to struggle, 
BTC continues to shine. What is quite impressive is our text book back test to the .5 Fib. More importantly we are now back over a key area we lost yesterday. So for me, the chart is simple, a close over $48.9K means the price action should begin to work its way towards our next resistance at $51K, which is our .618 Fib. Not to be lost on the Fibs, MA's and key levels is the fact that BTC has well defined price channel. This is something to watch as we go forward. But for now, its all systems go! Lets do this!!!
BTC continues to shine. What is quite impressive is our text book back test to the .5 Fib. More importantly we are now back over a key area we lost yesterday. So for me, the chart is simple, a close over $48.9K means the price action should begin to work its way towards our next resistance at $51K, which is our .618 Fib. Not to be lost on the Fibs, MA's and key levels is the fact that BTC has well defined price channel. This is something to watch as we go forward. But for now, its all systems go! Lets do this!!! 
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.