As I said yesterday, BTC was coming into important support levels.
We ended up bouncing off the 1 to 1 fib extension at 46,750 and we then reclaimed 46.9k to then pump.
I'm personally in a long, as I told you if these support levels hold look for longs, and that's what I did, simple.
Long support short resistance.
1st target is the fib golden pocket at around 48k, and we'll see if it will get respected once again.
However the one that I am more interested in is the one at around 48.6k, because if we break it it will also represent a change in market structure (first higher high)
So for now expect higher, unless we get a strong reaction off 48k (I don't expect one honestly, but we still have to monitor PA)
Any questions?
Good luck traders
Remember not to break your rules
Habib
We ended up bouncing off the 1 to 1 fib extension at 46,750 and we then reclaimed 46.9k to then pump.
I'm personally in a long, as I told you if these support levels hold look for longs, and that's what I did, simple.
Long support short resistance.
1st target is the fib golden pocket at around 48k, and we'll see if it will get respected once again.
However the one that I am more interested in is the one at around 48.6k, because if we break it it will also represent a change in market structure (first higher high)
So for now expect higher, unless we get a strong reaction off 48k (I don't expect one honestly, but we still have to monitor PA)
Any questions?
Good luck traders
Remember not to break your rules
Habib
