Strong rally over the last few days from 38k, some pullback to be expected. Definitely won't be shorting this, but I have deleveraged for the time being. Hard up under the 200D MA and didn't see the aggressive claim of the pivot i would have liked for continuation so my thoughts are this:
Decent possibility BTC retraces here to the marked Targets (T1/T2) in red before its next attempt at a leg up. If this happens I'll be looking to get a nice position long.
Scenario 2:
BTC carries on with this momentum, and pushes through to the next level I'm watching - 46k to 46.6k. At this point in time if that happens i wouldn't be surprised if 50k is hit relatively shortly after, opening up a great short entry for the highly likely retrace to the mid 40's. For now I'm waiting to see the signals for the next move.
Decent possibility BTC retraces here to the marked Targets (T1/T2) in red before its next attempt at a leg up. If this happens I'll be looking to get a nice position long.
Scenario 2:
BTC carries on with this momentum, and pushes through to the next level I'm watching - 46k to 46.6k. At this point in time if that happens i wouldn't be surprised if 50k is hit relatively shortly after, opening up a great short entry for the highly likely retrace to the mid 40's. For now I'm waiting to see the signals for the next move.