BTC/USD shifting momentum

26 Nis 2021

For the past 2 weeks btc has been bearish. There has recently been a breakout from a bearish pennant with solid volume to confirm it. The indicators used all flash bullish momentum. The alligator moving averages have also crossed in a uptrend for the first time since April 9th. To further confirm this uptrend a retest of key fib level .236 is necessary. It has proved to be support and resistance in the past and should hold as support now. 51.2k retest is a good long entry price.