In my last update I implicitly issued a "buy" signal across the entire CC market and since in today's world it's a rare "buy and hold" market there's not much to say in addition except identifying resistance and potential reversal levels until we are clearly out of the woods and good to go up with no interruption.
One of such levels we cleared just now and that is 89 DWMA (brown). The daily volatility implies targets in the region of $10240-10560.
https://www.mql5.com/en/charts/8592349/btcusd-d1-simplefx-ltd
Which is very close to the top of the range
https://www.mql5.com/en/charts/8592359/btcusd-d1-simplefx-ltd
So, potentially, until we clear $11600 there is still a possibility of a rejection at this level and a reversal back to the bottom of the channel. But before we get there we are yet to overcome a strong resistance of the 34 weeks WMA (yellow) currently at $9700.
https://www.mql5.com/en/charts/8592366/btcusd-w1-simplefx-ltd
Also, since all major ALTs have a high positive correlation with BTC it may serve as a guiding tool for the rest of the market.
