BTC-16/04/2018

We are currently testing the long term trend line, rejected for now:

Is the RSI going to find support to a previous trend line and are we going to form a big red candle ? Wait & see

Volume lower than the previous day but still higher than before:

On the 4H RSI haven't found support to the first previous trend line, yesterday push has been rejected. 8K is a strong support and it match the EMA 21.

On the 1H we can see two levels: 8K and 8.4K but RSI still have room for a downtrend below 8K so playing a push back to 8.4K is too risky I think.

A long is coming but I wait for a confirmation to enter, the market is just not ready I think.