#BTC I like that they're holding 81.5, but I don't like that we're building up below 82. Overall, if you're still holding longs or haven't been stopped out, I think it's better to close on a pullback to your entry.
There are plenty of factors pointing to a pullback, but if the trend continues, they may sell it down to 77–75. In general, it's better to re-enter the trade than to wait.
From the current 81.5, I think we'll pull back to 82–82.5 before dropping lower. Tomorrow, Friday, will decide everything: it's the last trading day of the week before the market moves sideways over the weekend.
If buyers do step in and we get above 82 on strong volume and hold there convincingly, a new high above 85 is still in play.
If they don't let us get above 82, the targets are 77–75, and I'll go short on the pullback.
There are plenty of factors pointing to a pullback, but if the trend continues, they may sell it down to 77–75. In general, it's better to re-enter the trade than to wait.
From the current 81.5, I think we'll pull back to 82–82.5 before dropping lower. Tomorrow, Friday, will decide everything: it's the last trading day of the week before the market moves sideways over the weekend.
If buyers do step in and we get above 82 on strong volume and hold there convincingly, a new high above 85 is still in play.
If they don't let us get above 82, the targets are 77–75, and I'll go short on the pullback.