Update:
BTC chart played out perfectly, hitting the first grey line of resistance and bouncing then coming back up and breaking it straight into the next line of resistance made for the perfect scalping entries and for a low risk short position off of the top line of resistance which would be lovely profit right now.
so a key level of support was also this teal line which price has just broken below and is the main reason I am posting this update because it doesn't look good at the moment. I am looking for a bearish test of this line before moving further to the downside, aiming for my red support line but as you can see it was broken the last time it was tested so I wouldn't really trust this line with a long, wait and see price action around that level and make a decision based on that.
let's see what happens I have a lot of support lines around the red sloping support lines so I will be watching those levels if we get down to them.
BTC chart played out perfectly, hitting the first grey line of resistance and bouncing then coming back up and breaking it straight into the next line of resistance made for the perfect scalping entries and for a low risk short position off of the top line of resistance which would be lovely profit right now.
so a key level of support was also this teal line which price has just broken below and is the main reason I am posting this update because it doesn't look good at the moment. I am looking for a bearish test of this line before moving further to the downside, aiming for my red support line but as you can see it was broken the last time it was tested so I wouldn't really trust this line with a long, wait and see price action around that level and make a decision based on that.
let's see what happens I have a lot of support lines around the red sloping support lines so I will be watching those levels if we get down to them.
