BTC big support area
After the big drop that we wanted to see after the rejection of the top of the pitchfork, we are now holding the monthly as support.
Just below it, we have an important support area with a lot of confluence (won't put them all for the sake of showing you a cleaner chart), but basically we have 2 daily levels and an anchored VWAP in the 66-67k region. The white rectangle shows the support area.
Don't forget to keep in mind the pitchfork that we have been looking at for a while now.
I would like to go for a test of this support area (last idea on EW shows why), I also don't expect to lose it as it's a pretty big support, even though we have multiple supports in the 50k zone.
First sign of strength for BTC would be a reclaim of 60.9-61.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
Just below it, we have an important support area with a lot of confluence (won't put them all for the sake of showing you a cleaner chart), but basically we have 2 daily levels and an anchored VWAP in the 66-67k region. The white rectangle shows the support area.
Don't forget to keep in mind the pitchfork that we have been looking at for a while now.
I would like to go for a test of this support area (last idea on EW shows why), I also don't expect to lose it as it's a pretty big support, even though we have multiple supports in the 50k zone.
First sign of strength for BTC would be a reclaim of 60.9-61.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
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