Yesterday I talked about the 1 and only scenario I was looking for: a move down to look for a bounce.
My initial plan was to hold for a higher low (support I was looking at was 18.7-18.9k). However, this plan didn't play out and we pushed lower.
We ended up breaking the low at 18,461 for a failed auction before seeing the bounce.
Now, the big level to reclaim and hold is 19.8k (VAL of the entire range).
If we can reclaim this level, it would look pretty bullish for BTC with the targets being:
- 20.2-20.4k (naked weekly pivots)
- 22k (inefficiencies of the drop)
Any questions?
Good luck traders
Remember not to break your rules
Habib
My initial plan was to hold for a higher low (support I was looking at was 18.7-18.9k). However, this plan didn't play out and we pushed lower.
We ended up breaking the low at 18,461 for a failed auction before seeing the bounce.
Now, the big level to reclaim and hold is 19.8k (VAL of the entire range).
If we can reclaim this level, it would look pretty bullish for BTC with the targets being:
- 20.2-20.4k (naked weekly pivots)
- 22k (inefficiencies of the drop)
Any questions?
Good luck traders
Remember not to break your rules
Habib
