Possible BTC Movement. A Lower High.
There really isn't a lot of strength on the HTF atm. In this Idea, I've taken the following:
1) Weekly Resistance Line
2) Daily Support Line
3) Fib Retracement
All of this points to BTC making a LH around the ~46K region, before ultimately heading back lower.
Could we potentially sweep the lows before making the Lower High? Possible. Especially with the Monday open.
Targets?
Let's play it one level at a time. Will update targets as BTC moves.
1) Weekly Resistance Line
2) Daily Support Line
3) Fib Retracement
All of this points to BTC making a LH around the ~46K region, before ultimately heading back lower.
Could we potentially sweep the lows before making the Lower High? Possible. Especially with the Monday open.
Targets?
Let's play it one level at a time. Will update targets as BTC moves.
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.