Here are the zones I'm watching for a potential BTCUSD reversal
Here are few zones of interest for BTC. Price is currently about 12% off the ATH. If price continues to fall the first area to watch would be a retest of the hourly trendline. A double bottom and rip higher is possible in this areas similar to the move on Jan 4th. If that level is breached I'll be watching the 34k/35/k zone as the the ab=cd correction would complete there. If the second area does not hold I will be looking for for the full corrective pull back to the 2017 breakout area starting at about 24K. Let's see how it plays out.
評論:
Two tradeable reaction in the first green zone, but price continues to roll over due to a lack of buyers. Everyone hoping for a better bargain. Still targeting 24K for a much bigger add to core position.
評論:
Seems to have found support at the deeper extensions and 30k structure. Risk of a roll over and downward trend continuation still high until the shaded area is broken. Once above the shaded area that could provide support and a launching pad for another breakout.
評論:
Cleared the box and you can see the support it provides. Came back and tested it at about 37000 and then took off again.
