BTC Daily continuation until weekly higher low ?

by David

Hi,

BTC continue it's upside move, breaking 0.382 retracement fib level, making lower high and higher high on the Daily time frame.

I'm waiting a new higher low between ~41000 and 40000, on the daily for buying back, for a target between 0.5 fib (~47000) and 0.618 fib(~50000) levels.

Maybe BTC will continu a little more from here, to touch the 47k (~ 0.5 fib), finalizing it's new higher high, before making the next lower high, I'm waiting for.

Yes, I see a new uptrend on the daily, I see an opportunity for a long between 40000 to 47000-50000, But on the weekly, I'm waiting to see a higher low to form, and then maybe a lower high or not !!!

snapshot

Regards