As you can see, we just hit a 1 hour institutional candle... im personally not trading this since MFF doesnt let you trade crypto on the weekends. but im interested in whats going to happen here. Not saying this is a buy. If we dont respect this area here then im leaning towards a bearish run down to the protected low.
This is a decisional point in my opinion. Lets see what happens.
This is a decisional point in my opinion. Lets see what happens.
Comment:
If you press play from when i posted the idea.... BTC reacted at the area i had drawn out. Id like to see it break the structure at 23k and keep going before i can keep a semi bullish bias but i could see it retracing back down before it gets there.