peterk87

BTC 36.5k rejection

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Just putting out some ideas, would appreciate some feedback.

I've noted some resistance at 36.5k and previous failed attempt to surpass this level. RSI is also high at these levels hence the thought we could still get another shake out and retest of 30k before we aim higher.

Comments

Could be, it has been intense on that resistance. Too early I think to talk rejection, but I lean with you on this. If this consolidates as a rejection, then you are right with the trajectory towards 30k support area. But with caution, as it could be that BTC is ranging for a little while...
+1 Reply
good work
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well, this aged well..
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