There is confluence with the idea that we could see BTCUSD visit $16K levels (twitter). If that is the case, I would say high 16s would be the target. Possibly with a longer and fast wick mid 16s are plausible. But anything slower would breach the 300gr level ($16.6K at the moment) which would let the next level come into play. That is the 200gr level ($11K at the moment).
When looking at this idea, the mentioned USD levels aren't important remember those fluctuate as the price of gold changes. So, we would be looking for the $16k and $11k support levels to shift upwards or downwards.
When looking at this idea, the mentioned USD levels aren't important remember those fluctuate as the price of gold changes. So, we would be looking for the $16k and $11k support levels to shift upwards or downwards.
