I'm seeing a lot of 0.5 / 0.886 symmetry in this market currently. I will be buying 20.1k with a target of the 0.886 retracement 21.5k and then opening a short to TP around the 20.1k level again.
From there, we will see. But essentially, price is VERY likely to hold 20k for a while, with probably only a quick break below for liquidity until the mid 22's.
Of course, this is all a scam, but I think we will see up movements for the next 1-3 weeks.
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NOTE:
You can use 21.3k level instead with lower leverage, to ensure all orders are hit in case price doesn't make it to 21.5k :)
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Kinda like this
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We will wait to see where BTC bottoms around here but there are 4 possibilities
@Lucideisrise, only briefly to retest 20k ish again, yes. There's still a lot of bears in this market likely to short the 0.886 at 21.5k. I think the buyers will hold 20k multiple times though and eventually push into the mid-late 22's later this month though