BTC has finally taken the low of the wick (41.2k) as we were expecting (Elliott wave count linked below)
We are now bouncing off the daily level at 41k
To me, this is now a good long setup. As I said in my last update I didn't want to long at the weekly (43k), but here I believe it is a nice one.
Of course, if we lose that level we still have 39.5k as an important support.
I also haven't closed my short from 52k as there is no sign of strength yet, so no reason to close my short yet.
First level to reclaim is the weekly at 43.2k, but the bigger level is the 47-47.5k area (key level on my chart) which is important in my opinion.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We are now bouncing off the daily level at 41k
To me, this is now a good long setup. As I said in my last update I didn't want to long at the weekly (43k), but here I believe it is a nice one.
Of course, if we lose that level we still have 39.5k as an important support.
I also haven't closed my short from 52k as there is no sign of strength yet, so no reason to close my short yet.
First level to reclaim is the weekly at 43.2k, but the bigger level is the 47-47.5k area (key level on my chart) which is important in my opinion.
Any questions?
Good luck traders
Remember not to break your rules
Habib
