BTC - fake breakout, red scenario looks more probable now
Short term BTC price action.
BTC didn't manage to clear and turn 58.8k into support.
2 trendlines, previous support/resistance zone, Anchored VWAP zone from 41k region all at this zone.
Red scenario looks like more probable now!
In case of another leg down my buy orders are at 50-52k region. I wouldn't be surprised if we see some big wicks into sub. 50k region.
The long term situation has not yet changed.
BTC didn't manage to clear and turn 58.8k into support.
2 trendlines, previous support/resistance zone, Anchored VWAP zone from 41k region all at this zone.
Red scenario looks like more probable now!
In case of another leg down my buy orders are at 50-52k region. I wouldn't be surprised if we see some big wicks into sub. 50k region.
The long term situation has not yet changed.
Trade closed: target reached:
Red scenario played out well here. Now lets see where we are heading next week!