BloodSweatBeers

BTC test Old resistance or recent support.

Long
BITFINEX:BTCUSD   Bitcoin
If we are bullish on the BTC movement (Eastern Markets may convey this better than Western Markets), then we can favor the prob of upside resolution. Conversely, Bears are really just looking at bring price action back to support. Prob don't won't to do that from this level... Path of the least resistance seems to be the upside. With the other markets struggle bussing, BTC may just range til it gets tighter, let Volatility cool and then pick a direction. Till then buy on the retest of the support line is my plan.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.