Minor (recent high) and major (ATH) resistance trendlines in effect. Expect consolidation trending upwards. EMAs are all positive at this point and BTC is trending between the 20 and 50 currently attempting to break the 0.786 (from 10k). Additionally, we have reached a higher high and higher low after a downtrend. Main trendline to watch is from ATH. If I were to enter long I would enter on the retest of 0.786/EMAs after BTC breaches it at around 49700. We're at a point in the cycle where when BTC goes off it's going to make strong moves so definitely would not short until it reaches a major resistance.
Commentaire:
Long entry is at the end of wave 4/current wave.
Ordre annulé:
Buy point was not reached, no entry.