BTC did as expected and came back to the 36.6k support (check out the 5min mark from yesterdays video).
Now unfortunately we are seeing quite a bit of weakness with a lower high and potentially another lower high.
Bad Price Action looks like it wants to dump and break levels. 35k is the line to hold for me.
CME gap is acting against us as it is right below it.
Invalidation of the movement down is a 4hr above 39.3k or preferably 40k
We need to take out the June range high or all we have done in the past week is a Failure to make a Lower Low and Failure to make a Higher High.
Now unfortunately we are seeing quite a bit of weakness with a lower high and potentially another lower high.
Bad Price Action looks like it wants to dump and break levels. 35k is the line to hold for me.
CME gap is acting against us as it is right below it.
Invalidation of the movement down is a 4hr above 39.3k or preferably 40k
We need to take out the June range high or all we have done in the past week is a Failure to make a Lower Low and Failure to make a Higher High.
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✔️ - Trendmaster and MDX Algo Access - MDXAlgo.com
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
✔️ - NordVPN for those who are IP Restricted - bit.ly/NordVPNTM
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.