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Bitcoin broke out of the $16,800-16,400 range and managed to break below $16,000
In this zone, we see how the buyer is trying with all his might to keep the range of $16,000-15800 and does not allow it to fall lower to the previous LOW of $15580
I expect to see a strong reaction of the buyer to the $16,800-17,500 zone soon, if we talk about local targets, then we will see a recovery to $20,000 in early December +-
Actual positions for LONG:
$16,000
$15,555
$15,150
I think enough liquidity has gathered on top and soon the market maker will follow it!
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