Looking at the 4 hr bitcoin chart following previously posted modle using macro volume levels our next serious support below was the value area high of the lower macro range at 23k.
Price is currently rejecting off of our last support resistance flip and POSSIBLY putting in a new lower high and rejecting.
IF price can brake and retest 28k this will be a serious sign of strength putting bearish sentiment back on the back burner. BUT if we are moving down long hold entry to the short side should be as close to the swing high as possible.
Entry after we brake trend even on a retest tends to get stopped out on the first squeeze.
Current trading plan is hopeing for price to push back up to 27650 area and enter a short position targeting 23k. First take profit and reasonable stop loss to entry would be the brake of the trend below.
IF we brake and retest 28k continue to hold to the long side HARD.....
There should be a video available on this chart focusing on the bullish side and new one later today focusing on the bearish side.
Trade well....Join Us
Price is currently rejecting off of our last support resistance flip and POSSIBLY putting in a new lower high and rejecting.
IF price can brake and retest 28k this will be a serious sign of strength putting bearish sentiment back on the back burner. BUT if we are moving down long hold entry to the short side should be as close to the swing high as possible.
Entry after we brake trend even on a retest tends to get stopped out on the first squeeze.
Current trading plan is hopeing for price to push back up to 27650 area and enter a short position targeting 23k. First take profit and reasonable stop loss to entry would be the brake of the trend below.
IF we brake and retest 28k continue to hold to the long side HARD.....
There should be a video available on this chart focusing on the bullish side and new one later today focusing on the bearish side.
Trade well....Join Us
