BTC is currently in a range, the monthly being the high and the daily at 56.2k being the low.
If we lose the daily we have the fib golden pocket below it at 55.3-55.6k, which I would like to go for as we have a decent amount of people longing, plus we have trapped longs at the monthly.
This doesn't mean we have to dip, but it just makes it more likely.
If we lose the fib golden pocket we are in for a bigger dump, but for now no need to get all bearish as we are still above the daily.
If we reclaim the monthly it would be a pretty bullish sign with the next resistance at 60k then the 60.9-61.5k area.
No shorts to be had here of course, the 2 opportunities were when we reached the monthly.
Any questions?
Good luck traders
Remember not to break your rules
Habib
If we lose the daily we have the fib golden pocket below it at 55.3-55.6k, which I would like to go for as we have a decent amount of people longing, plus we have trapped longs at the monthly.
This doesn't mean we have to dip, but it just makes it more likely.
If we lose the fib golden pocket we are in for a bigger dump, but for now no need to get all bearish as we are still above the daily.
If we reclaim the monthly it would be a pretty bullish sign with the next resistance at 60k then the 60.9-61.5k area.
No shorts to be had here of course, the 2 opportunities were when we reached the monthly.
Any questions?
Good luck traders
Remember not to break your rules
Habib
