BTC starting the week of strong bearish making a push towards the next strong support zone around 40,8k. Here is what I want to see next for bullish continuation:
1) For BTC to fill the wick level on support looking at the weekly timeframe.
2) After filling the wick zone, form a strong support around the 40k level and to stay above 40k as well.
I remain bullish in the long term for BTC as long as my long term trend line is respected. If BTC manages to close below support within this week, expect it to drop further down to at least 39k.
1) For BTC to fill the wick level on support looking at the weekly timeframe.
2) After filling the wick zone, form a strong support around the 40k level and to stay above 40k as well.
I remain bullish in the long term for BTC as long as my long term trend line is respected. If BTC manages to close below support within this week, expect it to drop further down to at least 39k.