BTC supports and resistances
The 50 MA is current resistance and 0.786 Fib is support, also the bottom of the weekly cloud. On the daily, BTC has attempted to stay above the 0.618 Fib twelve times and failed. It was resistance, then the top of the daily cloud, and now the 50 MA. On the positive side, BTC has also tried to break below the 0.786 Fib. around 18 times and failed. There's a ton of resistance BELOW as indicated by the VPVR I've talked about in previous TA. But there's also a ton of resistance before 50K. I'm betting on 30K before 50K. But news always trump TA.
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