BTC/USD - Retrace heading towards major support line.
BTC continues it's retrace within a tightening wedge.
We are now approaching a major level of support in the next few days.
I'll be looking for a major change in PA at around the $41,087 (USD) mark.
Could break earlier but even if it does, I'd still be more keen on a retest at similar price.
A break down further seems less likely but it is a possibility.
If BTC doesn't hold this major support I'd be looking at very low entries around the 33K mark.
As always, not financial advice.
Just my thoughts and TA.
Bingaz.
We are now approaching a major level of support in the next few days.
I'll be looking for a major change in PA at around the $41,087 (USD) mark.
Could break earlier but even if it does, I'd still be more keen on a retest at similar price.
A break down further seems less likely but it is a possibility.
If BTC doesn't hold this major support I'd be looking at very low entries around the 33K mark.
As always, not financial advice.
Just my thoughts and TA.
Bingaz.
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