The good news for BTC is that the 4-hour and daily candle closed above $31,000 leaving a big wick showing buying pressure below $30,000. BTC is now trading around $33,700 the next resistance area is $35,000 and $36,500. BTC need to cross these resistance levels. BTC is back in the trading range and we expect it will move in the range for next couple of weeks. Wait for more confirmation.
32.2 is level of weekly. It can be fake out or breakout on this level. There was a fake out yesterday on this level.
34k is the level of daily. Fake out and back to closing above 34k will be confirmed for Major Reversal for me.
37k is short term supply.
49k is next target if market really turned to reversal.
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32.2 is level of weekly. It can be fake out or breakout on this level. There was a fake out yesterday on this level.
34k is the level of daily. Fake out and back to closing above 34k will be confirmed for Major Reversal for me.
37k is short term supply.
49k is next target if market really turned to reversal.
If you liked my idea, follow me for more.
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