BTC held the 42.4k support mentioned in my last update nicely during the weekend, pushed up this morning and broke the weekly level.
The weekly level was now retested and we had a nice bounce off of it.
Target is still 47k of course, but something to note, a lot of longs are opening up here, so we could see a decent pull back before we go higher.
If we lose weekly, we have support at 44.8k, and if we lose it we could drop back to dOpen
For now however, weekly is clearly support and PA and market structure are very bullish, so we are expecting higher.
Any questions?
Good luck traders
Remember not to break your rules
Habib
The weekly level was now retested and we had a nice bounce off of it.
Target is still 47k of course, but something to note, a lot of longs are opening up here, so we could see a decent pull back before we go higher.
If we lose weekly, we have support at 44.8k, and if we lose it we could drop back to dOpen
For now however, weekly is clearly support and PA and market structure are very bullish, so we are expecting higher.
Any questions?
Good luck traders
Remember not to break your rules
Habib
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.