BTC CRITICAL LEVELS, CME Gap Filled, MOST IMPORTANT LEVELS NOW

• Each horizontal line is a key level of support and resistance.
  
• BTC filled the upper CME gap and is testing (weak) support.
  
• If BTC bounces here and confirms a resistance to support flip, BTC is in relatively safe waters.
  
• If it breaks here, it makes sense for BTC to visit the major long-term resistance it broke out of in last month's bear trap to confirm a strong support level.
  
• If the unconfirmed level breaks on a test, expect the bottom CME gap to be filled soon after, making this a bull trap.
  

ความคิดเห็น:

Current support held up, creating daliy engulfing candle off support into resistance.

ความคิดเห็น:

Yesterday's bullish engulfing candle led to today's continuation breaking key resistance.

ความคิดเห็น:

The filled CME gap is now being tested and so far is holding as resistance flipped into support.