BTC against resistance at 200SMMA
BTC - not much has changed during this week. Consolidation area is active, I moved / added S/R lines, but upper (39,1k) and lower (33k) remains in place, keeping us in the zone for now.
ATM we are against 38,2k resistance line, where also 200SMA is making a confluence for resistance point.
RSI and MACD are going up, with RSI being almost at 70 which can mean another confluence point at this resistance - probably resulting in a (small) rejection.
I am more inclined towards this scenario as we made a lower low yesterday, so it seems more likely there is additional bearish pressure.
Breaking through and getting above 39k would be very good news tho, and setting a higher high at this point.
ATM we are against 38,2k resistance line, where also 200SMA is making a confluence for resistance point.
RSI and MACD are going up, with RSI being almost at 70 which can mean another confluence point at this resistance - probably resulting in a (small) rejection.
I am more inclined towards this scenario as we made a lower low yesterday, so it seems more likely there is additional bearish pressure.
Breaking through and getting above 39k would be very good news tho, and setting a higher high at this point.
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