Following the break and the retest of the wedge I was looking for BTC broke down to horizontal resistance - which, judging by the interaction suggests we are sitting under it.
This local pattern looks a little bullish - If it can break and hold above 52,750 we may see a move up.
Calls to hit the support of the 21 weekly MA always possible with the DXY pushing further into resistance.
Either way, I expect downward pressure to subside and we'll see a sharp rally up next week.
Best, HF
This local pattern looks a little bullish - If it can break and hold above 52,750 we may see a move up.
Calls to hit the support of the 21 weekly MA always possible with the DXY pushing further into resistance.
Either way, I expect downward pressure to subside and we'll see a sharp rally up next week.
Best, HF
Commentaire:
couldn't break horizontal resistance and broke down. Target of $45k is now realistic
