Happy_Candles

Happy_Candles

Hit 51.6 today, path A invalidated, possible bull div on RSI, might see a sideways consolidation above channel floor 53-52 region. Looking for break at or before area of confluence where wedge ceiling meets with trend line floor around 54k. Need to flip 59.8, if rejection, price drops to 56 for a retest and flip for bullish confirmation and then up only. Main...

Happy_Candles Updated 

If BTC fails to hold 56.5 then we see a trip back to the 100MA, possibly a wick to 52k at bottom of ascending channel. Best place to set a long would be if BTC flips 59.8 to support. Close under the trend at 50.4 and we'll likely test 48K. Possible short scenario. 48k would be the next level to watch, lose that and see a H & S play out.