Bitcoin Potential Rally to the next Trend Reactionary Number

Apr 1, 2021

With the open above a Technical Level of 58,354.14 Btc has a potential to rally to the next upper Trend Reactionary Number 62,198.00. If the market can open above this TRN I expect a rally to 64000.00ish. Always watch the follow through. This is my humble opinion and not any trade advice.

Apr 2, 2021

Trade active

Price action has confirmed that the minor low created two days ago at 56,713.00 {updating this level} is now an important level to keep an eye on. An OPEN {on a 4 hour basis} below this recent level would negate the slight upward pressure and create a move to 53,000. I am going to make a slight adjustment to this level to give it more breathing room for lack of a better term and say an open below 56,270.00 would negate the slight Upward and create a reaction to 53,000. Selling 1/3 of the open position to get myself away from the fire is prudent {lowering my average}. Current Price 59,525.00.
Now the market needs to open above 60100.00 { 4 hour basis again} for confirmation of the next leg of the upward move to 62,000.00