Monthly level is broken, pullback to weekly level which is also the VPOC of the last leg. I am looking for a reaction from that level to head down to the next monthly level.
Looking for price to come into HTF resistance levels, possibly take out the liquidity above the intermediate high and then to break market structure on the 5 to 15 minute chart to the downside to take an entry.
BTC is holding strong against 50EMA on the weekly chart. If it closes below that we could see a long and depressing downward journey.
We have higher lows and lower highs which is forming a symetrical triangle which is usually a strong indication for continuation of the trend. If the breakout is upwards we can we can expect to see a 22k BTC quiet soon.
Here' s a...