Alright It finally looks like we are out of the woods in BTC for the time being!
we smashed through 7700 which is now going to be the new support I am aiming to pick up longs in BTC. Starting at 7700 down to 7500.
I do not think we have enough fuel to break the 200 day MA yet, as it comes into play after we break the 8250 resistance we are currently getting rejected from.
If BTC drops back to 7700 -7500 MA will drop to 8250 support and we can break them both with one run.
we smashed through 7700 which is now going to be the new support I am aiming to pick up longs in BTC. Starting at 7700 down to 7500.
I do not think we have enough fuel to break the 200 day MA yet, as it comes into play after we break the 8250 resistance we are currently getting rejected from.
If BTC drops back to 7700 -7500 MA will drop to 8250 support and we can break them both with one run.