The Climactic bar down through 6000 on 3/20 revealed hidden buying and was confirmed by the reversal afterwards Enter Long
Many effort vs failure confirmations and a reversal on the last two hourly bars Buy Buy Buy
Strength Re-Confirmed at 5750, move to 6000 imminent
So the sideways market will continue for now, at least today, as more accumulation is needed to move higher, look for pullbacks to 5300 for great entries
Major sign of strength has occurred as price pushed through the 5200 resistance area on very high volume with strength in the background (accumulation phase). Move to 5375 likely, look for pullback and test to re-enter
Further confirmation of strength in accumulation zone 5060-5200
Trade entry to next major resistance at 5260-5280
A move up is imminent, look for price to move above 5400 and pull back to test that area before moving upward
2nd Confirmation of Weakness at 5400 Level - Move to 5330
Looking for pullback to 5515 area for a secondary confirmation of weakness to enter trade for an exit at or slightly above 5400
Mostly likely after test of 5270
Loss on last trade, short-term bearish
Strength gathering, likely break of 5330
Buy 30 pips to 5330, short term strength BTCUSD