BTC 15 min Wyckoff play out from last idea - UPDATE
Hello,
GENERAL CONSENSUS: Needs to hold that indicated level on the 15 min, and use it as support or else we see downwards movement. What you read from here on out is a bullish alternative outlook
This is a much tighter frame from the previous BTC idea that I posted. This spring area has chances of failing. I have highlighted the red path of doom, which will happen if it does not close above the red box and use it as support. Any closes below this, it will go down. At the end of the red arrow, if BTC is going down and if it does not bounce off the local weak support of around $44,000, then it is going straight for $40500 very quickly. (please check previous BTC post)
Green box is from previous idea, and the green path shows the movement up to $50,000 where new developments and signals will be made. We have to close above $47,400 for the movement up to $50,000 in the next 2-3 days. OR we buy at the $44,450 mark as highlighted in the previous 1hr BTC idea that I posted.
Don't buy at the local resistances please. Read the chart, look at the supports, and make your decision accordingly.
GENERAL CONSENSUS: Needs to hold that indicated level on the 15 min, and use it as support or else we see downwards movement. What you read from here on out is a bullish alternative outlook
This is a much tighter frame from the previous BTC idea that I posted. This spring area has chances of failing. I have highlighted the red path of doom, which will happen if it does not close above the red box and use it as support. Any closes below this, it will go down. At the end of the red arrow, if BTC is going down and if it does not bounce off the local weak support of around $44,000, then it is going straight for $40500 very quickly. (please check previous BTC post)
Green box is from previous idea, and the green path shows the movement up to $50,000 where new developments and signals will be made. We have to close above $47,400 for the movement up to $50,000 in the next 2-3 days. OR we buy at the $44,450 mark as highlighted in the previous 1hr BTC idea that I posted.
Don't buy at the local resistances please. Read the chart, look at the supports, and make your decision accordingly.
Comment:
+4496 USD
