BTCUSD, crucial resistance zone
BTC is reaching a crucial resistance zone in the lower time frames.
It would be very surprising to me if BTC breaks through here. I'm expecting another retest of the lower levels of the flag and a longer consolidation period.
however with the strong bounce of last correction and double bottom there is a strong buying incentive so be careful if you SHORT here.
I won't exclude a break down from the flag mid term.
A break up from the flag and new ATH makes 50k the next target IMO.
EJ - Just for fun
It would be very surprising to me if BTC breaks through here. I'm expecting another retest of the lower levels of the flag and a longer consolidation period.
however with the strong bounce of last correction and double bottom there is a strong buying incentive so be careful if you SHORT here.
I won't exclude a break down from the flag mid term.
A break up from the flag and new ATH makes 50k the next target IMO.
EJ - Just for fun
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