BTC - 04/04/2019 UPDATE
See my previous updates from 4/2/19 and 3/18/19 for additional context and framework.
BTC is holding up very well, with three green body closes above 200-day MA and long-term primary resistance, the critical resistance levels I pointed out in previous updates. We may see a pullback or consolidation after such a large move (relative to recent price action), and that would be fine, and quite healthy. I often look for the breakouts that pullback and retest previous breakout junctures. If the retest holds, it serves as further confirmation of the break, and can be a great buying opportunity if you missed the initial break or wanted to wait for additional confirmation (the smart trade).
I think it is unlikely we see BTC surge another 15% in the coming days (from current price as of this post) and breakout above the next level of resistance near 5800. I think it is much more likely we see a consolidation or pullback, then resume higher.
BTC is holding up very well, with three green body closes above 200-day MA and long-term primary resistance, the critical resistance levels I pointed out in previous updates. We may see a pullback or consolidation after such a large move (relative to recent price action), and that would be fine, and quite healthy. I often look for the breakouts that pullback and retest previous breakout junctures. If the retest holds, it serves as further confirmation of the break, and can be a great buying opportunity if you missed the initial break or wanted to wait for additional confirmation (the smart trade).
I think it is unlikely we see BTC surge another 15% in the coming days (from current price as of this post) and breakout above the next level of resistance near 5800. I think it is much more likely we see a consolidation or pullback, then resume higher.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.