BTC pump to 2021 MIDRANGE, .618 retracement confluence
Updated
BTC pump to 2021 MIDRANGE, .618 retracement confluence
it has technically reclaimed the 2021 range, so maybe it's time to pump back to midrange and take the scam highs of around 48.2k
Confluence in this area: .618 retracement of the downtrend, 2022 yearly open
then retrace back to 2021 lows at around 28k
also, note how they tried to scam with closes below the 2021 low in April, but the price reclaimed back inside the 2021 range and has now backtested the low again. It's now or never. bearish if another weekly close below 2021 low, if so it peobably heads to 25-> 18-> kills the lows
it has technically reclaimed the 2021 range, so maybe it's time to pump back to midrange and take the scam highs of around 48.2k
Confluence in this area: .618 retracement of the downtrend, 2022 yearly open
then retrace back to 2021 lows at around 28k
also, note how they tried to scam with closes below the 2021 low in April, but the price reclaimed back inside the 2021 range and has now backtested the low again. It's now or never. bearish if another weekly close below 2021 low, if so it peobably heads to 25-> 18-> kills the lows
Comment
if it breaks down now instead (loses the 2021 low), the next support is at around 25.2k. daily/weekly close below 25.2k -> 18k -> kill the late 2022 lows, deviate below themTrade closed manually
two weekly closes below the 2021 low.needs to reclaim 27650 (2021 low), idea invalid until that happens
Comment
Weekly close back above 2021 low!Comment
closed back below 2021 low of 27.65k, maybe heading lower?
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