BTCUSD long from 7400 area

29 Mar 2018

BTCUSD should remain in this range today while futures expire. We might even see a rally to 7700 and a sharp selloff to 7350 today just to shake out weak hands. 7700 and 8200 at the circled areas are the main inflection points on this rally. Observe these areas for inflection. If resistance becomes support we're still long.

29 Mar 2018

Not

Rather than range trade all day the bears established a legitimate low, so I've plotted the Feb 6th low for reference and circles again mark inflection points along the up channel. The structure changed a bit and definitely for the better if you like swing trading.

This move could go from 6900 to 8700 or 9900. Coincidentally 9900 was the target of the previous low which failed.