Easy thinking with bitcoin. There are two important rejections.
One around 4.4k and another one at 3.4k. 3.8k is the mid step and act a support and resistance.
A break above 3.8k will be an important bullish sign. A rejection is a neutral sign until 3.55k hold (-3.5% from now). After that there is still 3.4k (-7% from now).
The most logical think is now a retest of 3.55k and re-retest of 3.8k. A third rejection of 3.8k will be a strong warning sign.
As the possible gains on the altcoin pairs overcome actually the losses due to the bitcoin fluctuations i continue looking for trade opportunities on the altcoins pairs and I look sideways what bitcoin does.
BIO
One around 4.4k and another one at 3.4k. 3.8k is the mid step and act a support and resistance.
A break above 3.8k will be an important bullish sign. A rejection is a neutral sign until 3.55k hold (-3.5% from now). After that there is still 3.4k (-7% from now).
The most logical think is now a retest of 3.55k and re-retest of 3.8k. A third rejection of 3.8k will be a strong warning sign.
As the possible gains on the altcoin pairs overcome actually the losses due to the bitcoin fluctuations i continue looking for trade opportunities on the altcoins pairs and I look sideways what bitcoin does.
BIO