BTC lost the weekly level which was the invalidation for the long.
Now, we are back at the 31k region and we have 3 scenarios in my opinion:
- We bounce back up from here (near the 0.618)
- We take the lows for a SFP and head back up (for ex drop to 31.4k then reverse)
- We break this level and head to 30k
For now, we just wait for the reaction at this level
Any questions?
Good luck traders
Remember not to break your rules
Habib
Now, we are back at the 31k region and we have 3 scenarios in my opinion:
- We bounce back up from here (near the 0.618)
- We take the lows for a SFP and head back up (for ex drop to 31.4k then reverse)
- We break this level and head to 30k
For now, we just wait for the reaction at this level
Any questions?
Good luck traders
Remember not to break your rules
Habib