#BTCDAILY - 20.NOV.21 NOT OUT OF THE WOODS YET
#BTCDAILY - 20.NOV.21
NOT OUT OF THE WOODS YET
We still want to be trading back above 60k before we start jumping for joy although it is looking quite positive.
I feel there will be a bit of a rejection here down to about 57k and then another retest of this
59K area and then hopefully a break out and through the 60k. We are playing on the underside of the 50DEMA which is not ideal.
I would not be taking out too many major long positions just yet or at least until we either get back through 60k or if a little more risky then see a bounce at 57k.
Please don't forget about the bearish scenario here as a break down past 57k could put us on the path the 54k.
Please be careful trading over the weekend.
NOT OUT OF THE WOODS YET
We still want to be trading back above 60k before we start jumping for joy although it is looking quite positive.
I feel there will be a bit of a rejection here down to about 57k and then another retest of this
59K area and then hopefully a break out and through the 60k. We are playing on the underside of the 50DEMA which is not ideal.I would not be taking out too many major long positions just yet or at least until we either get back through 60k or if a little more risky then see a bounce at 57k.
Please don't forget about the bearish scenario here as a break down past 57k could put us on the path the 54k.
Please be careful trading over the weekend.
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