#BTCUPDATE - 27.5.21
#BTCUPDATE - 27.5.21
Strong bounce all day, coming into a key box of resistance between
39K to 40k.
We have broken above the local resistance and seem to be holding for next leg up to test 40k. There is a slight indication of a Bearish Divergence on the 4hr - so watch out of a rejection although I think it would on ly be down to about 38.8k.
There is a noticeable volume breakout on the 4hr too which is encouraging after quite some time of relatively low volume.
Good bullish (unclosed) daily candle showing. If we break and hold 40k then it is going to be a strong push up before the weekend.
Strong bounce all day, coming into a key box of resistance between
39K to 40k. We have broken above the local resistance and seem to be holding for next leg up to test 40k. There is a slight indication of a Bearish Divergence on the 4hr - so watch out of a rejection although I think it would on ly be down to about 38.8k.
There is a noticeable volume breakout on the 4hr too which is encouraging after quite some time of relatively low volume.
Good bullish (unclosed) daily candle showing. If we break and hold 40k then it is going to be a strong push up before the weekend.
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