BTC broke the fib golden pocket which was in confluence with the daily level, not too surprising as BTC is looking strong.
Now we have 2 scenarios :
- We swing failure pattern the high from the 18th of September at 48.8k, and head back lower
- We push to 50 - 51k (very important level)
48.8k is basically the last resistance before 50k
Should we get to 50k, its a really important level, as not only it's a psychological level, but it's going to come around the middle of the pitchfork. I would mark the 50 - 51k region on my chart as a very important one.
Of course I will update you when needed.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Now we have 2 scenarios :
- We swing failure pattern the high from the 18th of September at 48.8k, and head back lower
- We push to 50 - 51k (very important level)
48.8k is basically the last resistance before 50k
Should we get to 50k, its a really important level, as not only it's a psychological level, but it's going to come around the middle of the pitchfork. I would mark the 50 - 51k region on my chart as a very important one.
Of course I will update you when needed.
Any questions?
Good luck traders
Remember not to break your rules
Habib
