Yesterday I posted 2 ideas:
One where I gave all the levels
The 2nd where I acknowledged a potential rejection
In that 2nd idea, I said we would need to lose 22.5k for a confirmed sign of weakness.
We ended up pushing to the upper daily at 23.4k, before going back and retesting the lower daily at 22.5k perfectly to then pump and break above 24k
Now, of course BTC is looking pretty strong and more upside is more likely at the moment, targets being 26k then 28k (however be aware of reactions when we get above the previous high at 24.2k (potential SFP or failed auction))
If we want to see more downside, as always we need to wait for signs of weakness:
Losing 23.4k would be the 1st one
Losing 22.5k would be the 2nd and more significant one
Any questions?
Good luck traders
Remember not to break your rules
Habib
One where I gave all the levels
The 2nd where I acknowledged a potential rejection
In that 2nd idea, I said we would need to lose 22.5k for a confirmed sign of weakness.
We ended up pushing to the upper daily at 23.4k, before going back and retesting the lower daily at 22.5k perfectly to then pump and break above 24k
Now, of course BTC is looking pretty strong and more upside is more likely at the moment, targets being 26k then 28k (however be aware of reactions when we get above the previous high at 24.2k (potential SFP or failed auction))
If we want to see more downside, as always we need to wait for signs of weakness:
Losing 23.4k would be the 1st one
Losing 22.5k would be the 2nd and more significant one
Any questions?
Good luck traders
Remember not to break your rules
Habib
