Bitcoin Potential Rally to the next Trend Reactionary Number

1 Apr 2021With the open above a Technical Level of 58,354.14 Btc has a potential to rally to the next upper Trend Reactionary Number 62,198.00. If the market can open above this TRN I expect a rally to 64000.00ish. Always watch the follow through. This is my humble opinion and not any trade advice.

2 Apr 2021

Dagangan aktif

Price action has confirmed that the minor low created two days ago at 56,713.00 {updating this level} is now an important level to keep an eye on. An OPEN {on a 4 hour basis} below this recent level would negate the slight upward pressure and create a move to 53,000. I am going to make a slight adjustment to this level to give it more breathing room for lack of a better term and say an open below 56,270.00 would negate the slight Upward and create a reaction to 53,000. Selling 1/3 of the open position to get myself away from the fire is prudent {lowering my average}. Current Price 59,525.00.
Now the market needs to open above 60100.00 { 4 hour basis again} for confirmation of the next leg of the upward move to 62,000.00