BitcoinLong
BTC/USD: 16k remains - don't overcomplicate it
Updated
Filter out the noise and don't overcomplicate things. Act rational.
As for now this is just a liquidity grab at weekly OB bottom-close.
12H shows a set of Higher-Highs/Higher-Lows and a 200-EMA rejection (see update-section)
Weekly close above 11560 will shoot us to 16.1k. To achieve that I wanna see a solid weekly close today, preferably above 10590.
If price doesn't manage to hold 9.1k I'd aim for 8.8k - 8570 - 8k. A fast reversal would be needed then, otherwise it would look too much like 2018.
As for now this is just a liquidity grab at weekly OB bottom-close.
12H shows a set of Higher-Highs/Higher-Lows and a 200-EMA rejection (see update-section)
Weekly close above 11560 will shoot us to 16.1k. To achieve that I wanna see a solid weekly close today, preferably above 10590.
If price doesn't manage to hold 9.1k I'd aim for 8.8k - 8570 - 8k. A fast reversal would be needed then, otherwise it would look too much like 2018.
Note
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