BTC Funnel Retrace
I set this funnel and trend based pivot price notes of focus for this current retracement to the supply zone. We must maintain above 23.5-27.8 for continuation. The break of structure will be the 31.5-35.4k region for the upside. FIrst major resistance is the 39k level which if you look to the left was our drop line. If we reject at the 39-42k region we are watching the drop support within the lower wedgeline around 23k for the final bounce line. If we fail to surpass 31k afterwards be careful of the bulltrap or a drop back down to the 15-19k region. I set a macro curve channel to create this movement to follow i we maintain within this range after the breakout. This is just a personal theory and not financial advice.
@EMC2PROPHET
discord.gg/BfWd2Mb4R6
discord.gg/BfWd2Mb4R6
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.