Yes, a possibility $1950 retest.
September 11 to 15 was a DUMP and PUMP going back to the Monday's HIGH, You can see clearly on 1HR timeframe a RSI divergence. Fib retracement also conform to my thesis.
Please read the chart text.
1. Liquidity grab from previous week seller around 1930 price is seen Yesterday.
2. FAKEOUT at MAJOR NUMBERS 1900 price, a nice way to do during USD HIGH IMPACT NEWS.
3. Probably a whole month of drop.
Previous resistance are now support.
Look for W pattern next week for buys. It could be Monday or Tuesday.
Next week trade will have a great risk reward ratio, definitely 2050 price will be broken.
Last week idea was to short BTC if we see a setup on 40k to 41k price range.
It was a 3 day rise after we see a fakeout early Monday. Now the price closed near the high of the week.
We see a several test on 41,600, now finally it break through.
ENTRY AT 40,600
STOP LOSS at 40,900
1st TP is 40k
2nd TP 39,300
Please see the chart.
If the market comes to the area (GREEN BOX) in the next 2 days, 40k to 41k price interest me to short the BTC. A spike on 800 EMA BLUE COLOR would be the ideal setup.
