USD is signaling that it is about to shift back up. 7 days for confirmation on this. Haven't traded FX in months, but I'll be keeping an eye on the monthly close next week.
Resistance is clear at the throwback. Support is clear at the former resistance. The 50 is your friend.
We broke up. Not surprising because it's Bitcoin. Some profit taking and low volume drift. A throwback would take us back to marked zone, but if supported, would be the buy zone for the next move. Nearest support is around $4,550 If you're long, then your stop is below the break out.
Current 1hr view of $btcusd
$4,200 support and $4,400 resistance. Would not recommend intraday trading as the range is tightening ahead of the big move. If you're not in a position, it's best to wait for a clear signal above or below the major levels. You can follow my BTC / USD calls on Twitter: @mBTCPizpie
Price has been coiling up down here. London open soon...Asian session buys before London opens to dump? Great risk / reward with a tight stop at 1.1155 in case of a breakout.