Bullish case vs Bearish case for April
Bitcoin / Dollar BITFINEX:BTCUSD
I am still macro bearish , but might see a relief pump from here to golden ratio 0.618 fib at $44500 before making new lows. Depends largely on if the Nasdaq index bounces back for the next week or two. There was a clear fake-out on the daily bear flag circles in RED.
My strategy is to swing trade, Long the bounces and short the key resistance levels. $42200 is a key resistance level with the daily 50 and100 MAs.
