In my last update, BTC was consolidating at 20.8k after it had broken a key level for us (21.4k).
I stated that I expected higher with the first target being the OB 23.2-23.6k which has now been reached.
We have rejected the OB multiple times, then swing failured the highs twice, and are now consolidating again below the OB.
I personally would still like to see higher, with 2 scenarios in mind which are drawn out on my chart. Basically same idea for both, take the liquidity below the equal lows then pump.
If we do pump and break the highs, the first very interesting level is at 26.6k
After that, I would be looking towards 29-30k
However, if we end up breaking support and keep on falling, I will update you on targets for the downside.
Any questions?
Good luck traders
Remember not to break your rules
Habib
I stated that I expected higher with the first target being the OB 23.2-23.6k which has now been reached.
We have rejected the OB multiple times, then swing failured the highs twice, and are now consolidating again below the OB.
I personally would still like to see higher, with 2 scenarios in mind which are drawn out on my chart. Basically same idea for both, take the liquidity below the equal lows then pump.
If we do pump and break the highs, the first very interesting level is at 26.6k
After that, I would be looking towards 29-30k
However, if we end up breaking support and keep on falling, I will update you on targets for the downside.
Any questions?
Good luck traders
Remember not to break your rules
Habib
