Let's face it. DOT is looking seriously bad. While there is a lot going on on the lower timeframes, it's just over the edge and most reactions we see are purely reaction to DOT on BTC moves - like a flag in the wind with 0 strenghts to lift itself. People say, coins are going below the .886 to die. Well, we gonna see. Regardless of any fundamentals and news, if...
We haven't seen a SFP and "just" bounced o f a HTF Daily support level. Should we reject from the W (yellow, dotted since traded), I expect another leg down into the 1:1 trend based fib extension. However, flipping that W(eekly) S/R Level into support, should bring us up to 35, if not 38. Unlikely, but possible, the highs around 40k could be taken too, while...
We remain range bound for now. To the downside, the POC(s) gotta hold To the upside, reclaiming the local golden pocket right above could allow more upside to the daily/golden pocket right above which is a nice target for short with potential for a swing trade to the previous publication I shared. In either case, those POCs are TP areas at least. ...
Taking the local highs prior to visit the lower marked regions, would be a pretty bullish indication to me. Vice Vera, if we are taking out the lows now, I´d be extremely cautious with any long.