So far the breakout appears to be true and has found resistance at a key resistance level: $38,500. I am witnessing a lot of indecision in this market right now. A lot of people are banking on a reversal point from here, however a lot of people are also long and anticipate a double top around $40,000. At this point I remain neutral and am still holding onto my long position from the second breakout. I still think there is a lot of room to grow here, especially if we break $38.5k, although I am still prepared for a correction back down to my entry or even lower. Stay safe and preserve your capital friends!
*The orange dashed line is a price alert ABOVE my entry*
*The orange dashed line is a price alert ABOVE my entry*