quantguy

Bitcoin Retraces!!

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BITSTAMP:BTCUSD   Bitcoin
Bitcoin tested $41.9K over the weekend, but we were unable to break this level and we retraced back to $40K. Currently, we are finding support just under $40K, which will now provide resistance. There is a vacuum zone below to $37.7K, and immediately after that we will find further support from $36.7K. The Kovach OBV has dipped slightly to reflect the retracement, but is still relatively strong. If we are able to muster the strength to best $41.9K, then our next target is $45K

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