Blue box representing the 1D chart demand block, thats a key area for me and a point I want to see hold for bullish continuation.
A point where price will likely bounce at first retests, so is a good R/R LONG aiming for 11.8-11.9k highs, with a clear invalidation point if price closes below the blue box.
If price closes clearly below the blue box, any retest is too a good R/R SHORT setup too, aiming for 10-9k area.
A point where price will likely bounce at first retests, so is a good R/R LONG aiming for 11.8-11.9k highs, with a clear invalidation point if price closes below the blue box.
If price closes clearly below the blue box, any retest is too a good R/R SHORT setup too, aiming for 10-9k area.
Those were clear objetives, but it did not give the entry with the blue zone retest.
Price currently looking weak but still blue area holding, if price breaks below I expect abig pullback in the entire altmarket, with bitcoin heading for 9.3-9k area.
And even if that happens, big picture is still the same, just healthy pullback that I will be looking to buy