After hitting upper trend-line resistance, and in overbought condition on the daily chart on Wednesday last week, then pulling back on Thursday, as expected, NQ traded in a choppy sideways consolidation type of day on Friday.
Going forward, unless NQ can clearly break above trend-line resistance and trigger some major buying activities, selling may start to overwhelm buying activities, pushing NQ back down to supports, first major support on the daily chart is 6030.
On the short term intraday timeframe, key price level for NQ on Monday is 6105.
-- Staying above 6105 is going to keep selling under control, implies a high probability NQ will make another higher high above recent high before heavy selling sets in.
-- Breading back bellow 6105 could lead to more selling, next support is 6070. Markets internals needs to be very bearish for NQ to break below 6070.
As Fiat Paper money regime gets closer to the end, Bitcon price continues to surge higher and higher by the day..
