If you've been looking at BTC, you'd see that it's currently at a critical level. I say Critical mainly because we're at a point where it is retesting an area of value which may dictate if we breakout and start a small bullish run or break down and head back to the lower 40k levels.

This is the chart I drew where I was looking at the areas of value. I really like using this strategy as it's what fits me the best as a price action trader. I don't use the indicators like MACD, MAs, etc, mainly because they get a bit too confusing for me. If I had to use an indicator it would be the RSI (14) indicator.

Upon checking, the RSI is bullish on the Daily, so this is looking good. However things can swiftly change when we least expect it so make sure you don't let your biases get the better of you. Remember, the best trader is the one that can stay in the game long enough buy always protecting their capital.

What now?

Whether it breaks out or breaks down, it doesn't matter for me. I've got my position currently in cash right now and as soon as I get a confirmation of a change of direction, I'm heading in to either short or long it! That's the beauty of trading Futures!

Alt Season

Normally when BTC becomes bullish, this is also the best time to enter the alts as well as they will fly along with BTC. This is an exciting time and I highly suggest you to consider it!