Quick update on $BTC :

BTC is currently trading in a fixed consolidation between 63k and 64k. Rest easy, today is a regular weekend trading day and its safe to open longs and shorts for 500pts within the consolidation lows and highs. Currently looking at economic data and news, there should be no bad news to cause a downtrend or exceptionally good news to cause an uptrend, unless a blackswan appears.

BTC has actually tested the pennant resistance briefly last night at 62.8k and immediately recovered back to consolidate at 63.5k. Strong sign that the pennant resistance has now flipped to support.

Current resistance and support levels remain the same from my initial week analysis post. But, the local support is now at 62.5k and the local resistance is at 64.2k.

Overall the outlook remains bullish but we wont see any major price movements until monday morning. ETFs are recording inflows again. Also as traders we have just received the most important signal, a bullish divergence on the daily MACD indicator. Our first green candle in over a month of red MACD indicator.

I will post an update on monday as the next few hours progress and offer me more data to work with.

To my followers who are asking me for an update on my recovery of the -800$ loss in the previous market crash, those who have asked me in the comments of my last posts know i have recovered 500$ so far.

I have now actually recovered the rest of the money + profit of 200$. So thank you for your concern and support, you may rest now.