In my last update, I said BTC was at nice support.
It ended up pumping over 20% from the support area that I gave, and pushed above our first target which was round 21.4k
We then rejected off a 30min OB and are now back below 20k
For this week, I'm just interested in 1 area:
18.7-19k (OB + liquidity)
Looking for shorts here is of course something I'm not interested in, and longing right here is not a high probability trade in my opinion.
So I'm really just looking at 1 scenario: a move down to my support area, and monitor the reaction.
If we end up breaking down through it, I can just stay and chill in my shorts (a break below 17k becomes likely).
If we bounce from here, I don't mind missing a long as I don't see a setup.
Any questions?
Good luck traders
Remember not to break your rules
Habib
It ended up pumping over 20% from the support area that I gave, and pushed above our first target which was round 21.4k
We then rejected off a 30min OB and are now back below 20k
For this week, I'm just interested in 1 area:
18.7-19k (OB + liquidity)
Looking for shorts here is of course something I'm not interested in, and longing right here is not a high probability trade in my opinion.
So I'm really just looking at 1 scenario: a move down to my support area, and monitor the reaction.
If we end up breaking down through it, I can just stay and chill in my shorts (a break below 17k becomes likely).
If we bounce from here, I don't mind missing a long as I don't see a setup.
Any questions?
Good luck traders
Remember not to break your rules
Habib
