In my last update I mentioned the only support I was looking at (18.1k) got hit.
It has offered a nice bounce since then, but we are now ranging after having put a local high above 19.9k
We are at the bottom of the HTF range, so naturally we will be looking for longs here only.
I will focus on the support levels I'm looking at for possible bounces, the resistance levels to the upside have been discussed in many previous ideas and won't be mentioned here:
- 19,079 we have equal lows representing liquidity (we could take those lows then pump)
- 18.4-18.7k we have imbalances and an OB, it is my preferred scenario and would love BTC to retest this area
If we lose 18k, we don't have much support left below us and could easily drop much further.
Any questions?
Good luck traders
Remember not to break your rules
Habib
It has offered a nice bounce since then, but we are now ranging after having put a local high above 19.9k
We are at the bottom of the HTF range, so naturally we will be looking for longs here only.
I will focus on the support levels I'm looking at for possible bounces, the resistance levels to the upside have been discussed in many previous ideas and won't be mentioned here:
- 19,079 we have equal lows representing liquidity (we could take those lows then pump)
- 18.4-18.7k we have imbalances and an OB, it is my preferred scenario and would love BTC to retest this area
If we lose 18k, we don't have much support left below us and could easily drop much further.
Any questions?
Good luck traders
Remember not to break your rules
Habib
