Sive-Morten

Last step until the way to 35-38K

COINBASE:BTCUSD   Bitcoin
Morning folks,

So, this part of our plan is done - market hits 29.4-30K area. Let's say "thank you", JPow. Does it mean that price is already on the way to next 35.5-38K target/resistance area? I wouldn't say it yet. Just because around 30.5-31K we have resistance. And before take position for further upward action, we have to be sure that this is real upside breakout.

Thus, we need to see that market breaks 31K and holds above it, not drop back below 28K. This should become a confirmation that upside breakout is real. Conversely if we will see spike to 31K and fast reversal - wait and do not buy.

Penafian

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