BTC took the high once again before coming back below it.
If you look at the daily chart, every time this has happened, BTC put in a higher low before rallying again.
To break this pattern, we would have to break the low at 22,369
I would still like to see a bit higher (between 25 and 26.5k) before seeing more downside, but of course it depends on if we hold above the swing low at 22,369.
Anyway we had a short opportunity at the highs (15min chart, filled imbalances after the big wick) for people who took it.
For support levels, all the levels I'm looking at are on my chart (TPs on short/scalp longs).
I'm also keeping an eye on the stock market, especially the S&P, as BTC moves with the stock market most of the time. If we lose 4133 on the S&P 500, the idea that I shared with you (top of wave X) becomes likely.
Any questions?
Good luck traders
Remember not to break your rules
Habib
If you look at the daily chart, every time this has happened, BTC put in a higher low before rallying again.
To break this pattern, we would have to break the low at 22,369
I would still like to see a bit higher (between 25 and 26.5k) before seeing more downside, but of course it depends on if we hold above the swing low at 22,369.
Anyway we had a short opportunity at the highs (15min chart, filled imbalances after the big wick) for people who took it.
For support levels, all the levels I'm looking at are on my chart (TPs on short/scalp longs).
I'm also keeping an eye on the stock market, especially the S&P, as BTC moves with the stock market most of the time. If we lose 4133 on the S&P 500, the idea that I shared with you (top of wave X) becomes likely.
Any questions?
Good luck traders
Remember not to break your rules
Habib
