BTC just tagged EMA200 H4 with a 15% bounce
So now, where are we ?
I think this is a key area :
1. We reject and start downtrending on LTF -> that was it
2. Or We break through and continue H1 uptrend, and soon H4 will follow to target 34, and we have imo a much bigger relief…
the short side from 31,5-32k is my preferred scenario as of now. I will be taking some small short to play it out, nothing crazy
TP for the swing short are supports 1, 2 & 3 tagged in the chart
So now, where are we ?
I think this is a key area :
1. We reject and start downtrending on LTF -> that was it
2. Or We break through and continue H1 uptrend, and soon H4 will follow to target 34, and we have imo a much bigger relief…
the short side from 31,5-32k is my preferred scenario as of now. I will be taking some small short to play it out, nothing crazy
TP for the swing short are supports 1, 2 & 3 tagged in the chart
Comment:
Still compressing, see last idea published
