–After a strong days bounce on the 150 EMA we are finally challenging the Jan 30th – Feb 1st horizontal price based resistance.

–We have lost some bullish momentum but that’s to be expected and not a significant reduction.

–The next reversal confirmation targets for me? Get above the 90 EMA shown in Dark Green which isin confluence with the above the horizontal support in red. 10,700-11k.

–I am still bearish . We’ve seen this action before and unless we gain momentum I will remain bearish .

–We are above 50 RSI = Bullish , notice the loss of momentum in the RSI .

–Todays open above the previous close indicates further bullishness, but as you can see, we still have a lot of work to do to dispell the bears.

–The orange box represents a cluster of candles that mostly failed at resistance and ultimately started the sell-off to 6k.

Conclusion;
–If we hit 10,700-11k I will establish a short position, if we fail support and bounce at 9600-9800 I will enter a long position.

–Those fibo extensions! Who wants some BTC             for 4-6k?!

-Join in on the fun on Discord! Free community talking all things coin and token, analysis by request from myself, admins or moderators on discord: https://discord.gg/c3hsAZZ