BTC THIS is it. The big level. IT MUST HOLD.

I've talked about this level in the past...this has been drawn for months at this point. We are here and we must buy because this level must hold. Really awesome hold of the level on the weekly candle close.

Order has been filled. We see a move back up now or were definitely headed lower to retest the lower levels listed before.

Good luck. Trade smart. Risk mitigate. Play the long game :)

Comment:

We held that weekly 100sma really well. Now back up above the 0.38fib with some gusto now. Most definitely looking for a touch of the halfback mark right around 45k. For anything not longterm, look for some profit taking at this point and think about taking profit or more tightly trailing a stop once we hit that. IF we can get back above and close above 45k on the weekly candle (which only JUST started), then could see continued move up. Otherwise, more likely to see a retest of that 40k 0.38fib. It has the look of a dirty head and shoulders at the moment which makes me a bit cautious it wants a retest of the 200sma (again, all on weekly); however, we never got the full retracement so right side shows a higher high which makes me less concerned for that.

In the end, there is a lot of accumulating of BTC going on these last couple months and longterm should always be considered bullish IMO. Really helps if you can throw more intermediate timeframe swings (if you can't daytrade) to help accumulate a larger BTC position.

Important BIG near numbers to watch~
up: 45k, 49.7k, & 53k
down: 42k, 40k, & 36.5k

IF and a big IF, we are ready to truly start moving up again, this PB was nothin.... **barely 50% off the highs***.... again, welcome to crypto. :)