In my last idea, I said I would like to see BTC go lower even though we saw a strong bounce.
I still hold this view, and we are now at the fib golden pocket again (which I don't expect to hold) but still we need to monitor the reaction. The most important support levels in my opinion are the monthly at 58.8k and especially the daily at 57.5k
If we lose 57.5k expect low 50s (around 52k, will update on targets if needed)
To the upside, we need to reclaim 64k for BTC to show strength
So, should we get to 58.8k or even 57.5k, look for longs
If we lose them and retest them as resistance look for shorts
Any questions?
Good luck traders
Remember not to break your rules
Habib
I still hold this view, and we are now at the fib golden pocket again (which I don't expect to hold) but still we need to monitor the reaction. The most important support levels in my opinion are the monthly at 58.8k and especially the daily at 57.5k
If we lose 57.5k expect low 50s (around 52k, will update on targets if needed)
To the upside, we need to reclaim 64k for BTC to show strength
So, should we get to 58.8k or even 57.5k, look for longs
If we lose them and retest them as resistance look for shorts
Any questions?
Good luck traders
Remember not to break your rules
Habib
