Btcusd analysis two days ago that the technical picture had become more bullish but I thought that bulls may have run out of momentum after the price failed to clear the resistance level at $43,309. I was still looking for a long trade following two consecutive higher hourly closes above $43,509 but only targeting the next resistance level at $44,408.
This was a good call but only insofar as the level at $43,619 was pivotal, giving the chance for a profitable short trade entry upon the bearish rejection of this level.
This was a good call but only insofar as the level at $43,619 was pivotal, giving the chance for a profitable short trade entry upon the bearish rejection of this level.