#BTCUPDATE - 10.6.21
Looking very bullish on BTC now - the USA is waking up with a lot of buying pressure struggling on the $38k resistance atm - although I think that should break with continued buying pressure across the US.
I feel we will see $40k in the next 48 hours - this is a MAJOR resistance and has completely crushed BTC a couple of times already - flipping that will put us on track to $45k. I am expecting a strong first rejection at $40k.
Not a formal trade but once $38k is broken I will be longing to $40k and then shorting from $40k to conservatively to $39k, maybe $38k for some small profits along the way. Breaking $40k then I will be longing to $45k not breaking it then we will see where is settles - as it may consolidate and range for a while - which offers no "certain" direction
Looking very bullish on BTC now - the USA is waking up with a lot of buying pressure struggling on the $38k resistance atm - although I think that should break with continued buying pressure across the US.
I feel we will see $40k in the next 48 hours - this is a MAJOR resistance and has completely crushed BTC a couple of times already - flipping that will put us on track to $45k. I am expecting a strong first rejection at $40k.
Not a formal trade but once $38k is broken I will be longing to $40k and then shorting from $40k to conservatively to $39k, maybe $38k for some small profits along the way. Breaking $40k then I will be longing to $45k not breaking it then we will see where is settles - as it may consolidate and range for a while - which offers no "certain" direction
