BTC - Long + Key Areas to Look for Rejection
BTC is looking at two key scenarios that could play out this weekend. We have a red ichomoku cloud that signals strong resistance between $48-50k. We need a 6 hour candle close in this red region to confirm a bullish move up to the orange line. The other scenario is continued rejection at the ichimoku cloud, keeping the price below 
48K and leading to a drop down to potentially 
42K price levels.
48K and leading to a drop down to potentially 42K price levels. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.