BTC is at the VAH of the range and is providing a small bounce for now
If we lose 21.8k I am personally interested in 20.4-20.7k as we have a lot of confluence in that area
If we lose this 20.6k area BTC would look pretty weak, and new lows can be expected
For now, if we can manage to hold 21.8k and reclaim the daily at 23.4k it would be a good sign of strength
As I said in my last idea if we break the 23.5-24.5k area we can expect a quick move to at least 28k as we don't have any market structure between those levels
Any questions?
Good luck traders
Remember not to break your rules
Habib
If we lose 21.8k I am personally interested in 20.4-20.7k as we have a lot of confluence in that area
If we lose this 20.6k area BTC would look pretty weak, and new lows can be expected
For now, if we can manage to hold 21.8k and reclaim the daily at 23.4k it would be a good sign of strength
As I said in my last idea if we break the 23.5-24.5k area we can expect a quick move to at least 28k as we don't have any market structure between those levels
Any questions?
Good luck traders
Remember not to break your rules
Habib
