BTC Support Looking Good at $20k
Continuing on the idea I initially published on 6/22, 20K is increasingly looking like support for BTC. Look at the series of higher highs and lower lows that have been recently occurring on the 4H chart.
In my previous entry I scaled in at 20k and sold at 21.5k. I'm looking to make a similar move now that BTC has reverted back to this support level again.
As mentioned before, the macro environment is still rough and it is wholly possible that we break below 20k. My next level of entry to scale in further will be 18k. However at this point I have no stop losses set below 20k.
In my previous entry I scaled in at 20k and sold at 21.5k. I'm looking to make a similar move now that BTC has reverted back to this support level again.
As mentioned before, the macro environment is still rough and it is wholly possible that we break below 20k. My next level of entry to scale in further will be 18k. However at this point I have no stop losses set below 20k.
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