A slight refinement of last weeks "chop week" idea
Updated
Last weeks choppy BTC idea ( 
) has played out damn well and will hopefully continue to do so.
If we bounce here then it's highly likely we will get a sell off in box A followed by a retest of level B. If B then holds we're cleared for more upward momentum. Failing level B and we better hope the 5.8k level holds us!
If we don't bounce now then I'll be layering buy orders in for a bounce at 6260 and then the above stands, just with a slightly lower B level.
If we bounce here then it's highly likely we will get a sell off in box A followed by a retest of level B. If B then holds we're cleared for more upward momentum. Failing level B and we better hope the 5.8k level holds us!
If we don't bounce now then I'll be layering buy orders in for a bounce at 6260 and then the above stands, just with a slightly lower B level.
Trade closed manually
Oh well, support turns resistance and it looks as though we will test the bottom.Comment
Could it act as support again!? if we can hold above that red area then we might be looking at 8k over the coming week or two.
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