Looking back at my last idea, we didn't like the volume and wanted to see a move below 40k as it was a psychological support.
Also we were talking about 39.5k for a while (we bottomed at 39.6k), we just had nice confluence below 40k.
If you look closely at the chart I shared with you in my last idea (link below), you can see that I market 40.5k for an SFP before we got today's SFP. So that was a nice gift for the people who pay close attention to my charts, I basically showed you what I wanted to see.
As you can see we completed an SFP of 40.5k on the 1h chart which is very nice to see.
Now BTC needs to reclaim the dOpen (41.8k) and the weekly at 43.2k to show a sign of strength.
I don't want BTC to lose the low of the wick (39.6k), although it's not impossible to go below it then come back up. However it's not something I want to see.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Also we were talking about 39.5k for a while (we bottomed at 39.6k), we just had nice confluence below 40k.
If you look closely at the chart I shared with you in my last idea (link below), you can see that I market 40.5k for an SFP before we got today's SFP. So that was a nice gift for the people who pay close attention to my charts, I basically showed you what I wanted to see.
As you can see we completed an SFP of 40.5k on the 1h chart which is very nice to see.
Now BTC needs to reclaim the dOpen (41.8k) and the weekly at 43.2k to show a sign of strength.
I don't want BTC to lose the low of the wick (39.6k), although it's not impossible to go below it then come back up. However it's not something I want to see.
Any questions?
Good luck traders
Remember not to break your rules
Habib
