In my last update, I mentioned BTC hitting our first resistance area at 21.4k
I was personally looking for a bit higher honestly, for the IE pocket right above that level, but we ended up rejecting from my first resistance level for a big dump.
Now, this high that has been put in (21,468) is a major one, and unless broken, I now expect BTC to break the June 17k low.
Except that 19.1k POC, I don't see much support below us, so be weary about looking for longs.
If you missed the short or are looking to compound, 20.4-20.8k is a nice area of resistance if revisited.
Any questions?
Good luck traders
Remember not to break your rules
Habib
I was personally looking for a bit higher honestly, for the IE pocket right above that level, but we ended up rejecting from my first resistance level for a big dump.
Now, this high that has been put in (21,468) is a major one, and unless broken, I now expect BTC to break the June 17k low.
Except that 19.1k POC, I don't see much support below us, so be weary about looking for longs.
If you missed the short or are looking to compound, 20.4-20.8k is a nice area of resistance if revisited.
Any questions?
Good luck traders
Remember not to break your rules
Habib
