BTC has reached the weekly .786 yesterday and it did going up and reached back to 20k couple hours ago.
Higher High & Higher Low has formed in 1hr chart but we can see it may be a SR flip formed in 21k as 0.236 resistance. if BTC cant form a new Higher High, we might see another rejection in coming days and going to lower and we dont want to see that.
we can try to set another long position at 17.6k and see will it form a motion divergence in large time frame and double bottom going right back up to 26.3k as .618.
Higher High & Higher Low has formed in 1hr chart but we can see it may be a SR flip formed in 21k as 0.236 resistance. if BTC cant form a new Higher High, we might see another rejection in coming days and going to lower and we dont want to see that.
we can try to set another long position at 17.6k and see will it form a motion divergence in large time frame and double bottom going right back up to 26.3k as .618.
Long at 17.7k (if break the 19.5k)
CL: ~16.6k
TP 1/ The rejection High
TP 2/ 23k
TP 3/ 26.3k