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The Moon is Up
BTCUSD
, 15
BTCUSD: The Moon is Up

After the dip an hour or so ago (see previous chart), that was half the volume of the previous dip and with no follow through, the price rebounded to a new high smashing through the R1 Barrier that had proved solid resistance for several hours and is currently straining to hit R2 at 597.23. It is very unlikely that we will make it to R3 before the next daily bar,...

Near Term Support For R1 Retrace
BTCUSD
, 15
BTCUSD: Near Term Support For R1 Retrace

After an extended failure to push through R1 @ 589 look for a retrace to P @ 576 which provided reliable support twice through the day. Failure of P would suggest potential near term reversal.

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