I will explain to you in a simple way what the next steps for BTC can be and how you can play this.
We currently hit horizontal resistance as you can see on the chart marked with the horizontal line.
At the same time we hit overbought levels on the RSI which means that the bulls need to take rest.
Now there is a chance that we will move back to support, that support was a major breakout level with the ascending triangle pattern.
Because this level is so obvious there is a chance we will not get this retest of broken resistance.
We are currently forming a bullflag and i will be interesting in a long position if we can break resistance i will have 51 K as a target, or i will be interesting in a long position if we see a retest of the broken resistance.
Everything in between i have patience.
We currently hit horizontal resistance as you can see on the chart marked with the horizontal line.
At the same time we hit overbought levels on the RSI which means that the bulls need to take rest.
Now there is a chance that we will move back to support, that support was a major breakout level with the ascending triangle pattern.
Because this level is so obvious there is a chance we will not get this retest of broken resistance.
We are currently forming a bullflag and i will be interesting in a long position if we can break resistance i will have 51 K as a target, or i will be interesting in a long position if we see a retest of the broken resistance.
Everything in between i have patience.