Quick recap of everything that happened :
Posted an idea when we rejected 45k and weren't looking strong at 42k expressing my interest of a drop to the 35k daily level.
We then hit the 35k daily level for a bounce of 30% and have broken above our first somewhat important resistance at 42k without any struggle really (good sign of strength)
We are now at our last resistance (44.5k daily) before the really important resistance area at 47-50k.
I am personally more interested in the lower part of this zone (47-48k) but we can still get a rejection above those levels (at 50k or even 51k for example)
This area is one that we have been talking about for a long time and that is still as important as it was when we first mentioned it 1 or 2 months ago.
So keep an eye on the charts if/when we get there to see what reactions we get
For now BTC has been in a really strong uptrend since 35k
Any questions?
Good luck traders
Remember not to break your rules
Habib
Posted an idea when we rejected 45k and weren't looking strong at 42k expressing my interest of a drop to the 35k daily level.
We then hit the 35k daily level for a bounce of 30% and have broken above our first somewhat important resistance at 42k without any struggle really (good sign of strength)
We are now at our last resistance (44.5k daily) before the really important resistance area at 47-50k.
I am personally more interested in the lower part of this zone (47-48k) but we can still get a rejection above those levels (at 50k or even 51k for example)
This area is one that we have been talking about for a long time and that is still as important as it was when we first mentioned it 1 or 2 months ago.
So keep an eye on the charts if/when we get there to see what reactions we get
For now BTC has been in a really strong uptrend since 35k
Any questions?
Good luck traders
Remember not to break your rules
Habib
