Looking at BTC on the daily it has had a nice bounce off the 38.2 fibs which is bullish and means it could potentially break the previous local ATH.
What i am looking for on a smaller timeframe on the 4hr is a little retracement back to the level it broke out from last night which will also coincide with a touch and bounce off the 50 level RSI to go long.
I believe it will head back up to the $48k region where it will be the real test to see if we turn back up and definitely are bullish or if we reject and are defintely bearish. ATM it's 50/50 for me with some short term potential win for the bulls!
Stay safe!
What i am looking for on a smaller timeframe on the 4hr is a little retracement back to the level it broke out from last night which will also coincide with a touch and bounce off the 50 level RSI to go long.
I believe it will head back up to the $48k region where it will be the real test to see if we turn back up and definitely are bullish or if we reject and are defintely bearish. ATM it's 50/50 for me with some short term potential win for the bulls!
Stay safe!