BTC small pullback before continuation.
Update from yesterdays market analysis
Price pushed today above Mondays high and closed below. Also closed bellow PMH and rejecting currently on the H1.
Looking at the H4 we have some sort of small support here and retesting previous ATH. If we do not bounce and reclaim PMH / DO and Mondays High from here and close bellow the H4 support I will look for a stop hunt in to the PWH / WO / Monday low zone at around 64k -63.5K Spike down, reclaim WO / Mondays low will be adding to my longs. This is the place where I expect price to hold and don’t want to close bellow on HTF.
Scenario 1 – Add to long if 63.5- 64k holds or reclaim of Monday High
Scenario 2 – Loose 64k on HTF will cut my long and look for short term short and for longs in the 52k zone. I don’t think so we will go that low as the MS looking nice and strong on the H4 and higher TF.
Lowest price I see can go is 62ish k zone. (retest MO at 61395)
https://www.tradingview.com/x/SdqRRY84/
Price pushed today above Mondays high and closed below. Also closed bellow PMH and rejecting currently on the H1.
Looking at the H4 we have some sort of small support here and retesting previous ATH. If we do not bounce and reclaim PMH / DO and Mondays High from here and close bellow the H4 support I will look for a stop hunt in to the PWH / WO / Monday low zone at around 64k -63.5K Spike down, reclaim WO / Mondays low will be adding to my longs. This is the place where I expect price to hold and don’t want to close bellow on HTF.
Scenario 1 – Add to long if 63.5- 64k holds or reclaim of Monday High
Scenario 2 – Loose 64k on HTF will cut my long and look for short term short and for longs in the 52k zone. I don’t think so we will go that low as the MS looking nice and strong on the H4 and higher TF.
Lowest price I see can go is 62ish k zone. (retest MO at 61395)
https://www.tradingview.com/x/SdqRRY84/
Trade safe, stay safe and do not over leverage.
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