In my last update I mentioned the only support I was looking at (18.1k) got hit. It has offered a nice bounce since then, but we are now ranging after having put a local high above 19.9k
We are at the bottom of the HTF range, so naturally we will be looking for longs here only. I will focus on the support levels I'm looking at for possible bounces, the resistance levels to the upside have been discussed in many previous ideas and won't be mentioned here: - 19,079 we have equal lows representing liquidity (we could take those lows then pump) - 18.4-18.7k we have imbalances and an OB, it is my preferred scenario and would love BTC to retest this area
If we lose 18k, we don't have much support left below us and could easily drop much further.
Any questions?
Good luck traders Remember not to break your rules
hello brother, we just touched your preferred area for bounce. If we bounce from here, we'll be looking to go up to 20.4k? Appreciate your response
Habib0601
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@tahmidshahid, Heyy hope you're doing well! 20.5k would indeed be my first target, but for this bounce to show strength we have to reclaim the local high at 19,340
tahmidshahid
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@Habib0601, yeah bro, trying to stay sane in this crazy market lol I'll be keeping an eye at 19.3l and hopefully we do reach the upper targets. Will be looking forward to more updates from you later on. Thanks a lot
Habib0601
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@tahmidshahid, It's my pleasure! Hope my ideas help you navigate this market. If you have any more questions/need advice don't hesitate to ask :)
tahmidshahid
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@Habib0601, Absolutely, I've been an admirer of your work for a pretty long time now.
tahmidshahid
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@tahmidshahid, Hi bro, hope you're doing well. Btc still on track for the bounce or has there been any shift? I see a lot of good analyst calling for a crash all of a sudden lol
Habib0601
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@tahmidshahid, Heyy hope you had a nice weekend! Sorry for the late answer but I usually don't open the charts on Sunday. Regarding your concerns, like I said in the idea we are at the bottom of the range there is no reason to be bearish here. BTC is still on track to hit 20.5k, as long as we don't lose my OB at 18.4k
tahmidshahid
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Perfect brother, btc is pumping just like you mentioned. Please update us if you see any changed. Really grateful for your work
Habib0601
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@tahmidshahid, I only post ideas when things have changed in my view. So usually if I don't post anything it means nothing has changed for me.
tahmidshahid
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@Habib0601, Got it brother. What levels would you be shorting from? 20.8k?