With the pump on the news of Elon Musk confirming purchases of Tesla vehicles in the USA can now be purchased with Bitcoin, we have now just seen as I would say. A correction to the mean, but from here looking at the 30min timeframe im predicting that if we hold the previous high support which it looks like it has some strength, we should push back towards the upside, now we're looking for volume confirmation. Failing the breakout towards the upside we could see lows to retest the strong resistance point we have seen as recently as yesterday at a price of around $53,600.
For now I remain BULLISH
open trade at $54,650 on the breakout of the last W pattern we saw.
For now I remain BULLISH
open trade at $54,650 on the breakout of the last W pattern we saw.