BTC/USD, yesterday's uptick as seen on higher timeframes
Appears to have simply a test for resistance at previously broken support zone in the 9400s. Simply an over-exaggerated move, typical of BTC, which overshot this level and retraced below it. If 9400 level is not reclaimed, expect retest of zone created by .618 and .236 fib retrace and fib extention using 2017/2018 highs and lows. If this level is reclaimed, expect retest of .5/.382 zone.
As-is, my bearish sentiment for the longer term trend still stands, but will be watching closely for signs of bullish reversal.
As-is, my bearish sentiment for the longer term trend still stands, but will be watching closely for signs of bullish reversal.