Should we expect BTC to breakout (previous comment illustration)
I would like to create a late post here just to clarify the idea that I commented in my previous post. Today BTC's move was as predicted: BTC was down to 39ks with a wick of 38500 (I predicted a wick of 38400, yesterday) and immediately bounded.
Since my early post on 06th April, I still think that if BTC can close above 42200 (EMA 50D) with 4H candle, it will a good sign for BTC to successfully break 49000 (upper trendline of the local parallel channel) and go higher.
Since my early post on 06th April, I still think that if BTC can close above 42200 (EMA 50D) with 4H candle, it will a good sign for BTC to successfully break 49000 (upper trendline of the local parallel channel) and go higher.
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