BTC has now tried to push twice above the range high at 24.2k but failed
This would be considered bearish of course, however BTC has been consolidating below the highs pretty nicely, even after rejecting them twice.
To me this is a bullish sign, showing that it wants to go higher, and I'm still interested in the 28-29k area
As always, this can change anytime, and we can start looking for more downside if we start breaking support:
- Pitchfork median (holding for now)
- Low of this LTF range (@23.4k)
- 23k (nice confluence at that level)
If we lose those levels, we can expect a move to the low of the pitchfork at around 21.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
This would be considered bearish of course, however BTC has been consolidating below the highs pretty nicely, even after rejecting them twice.
To me this is a bullish sign, showing that it wants to go higher, and I'm still interested in the 28-29k area
As always, this can change anytime, and we can start looking for more downside if we start breaking support:
- Pitchfork median (holding for now)
- Low of this LTF range (@23.4k)
- 23k (nice confluence at that level)
If we lose those levels, we can expect a move to the low of the pitchfork at around 21.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
