So as we talked about before, we are getting a form of a pullback from this range of 48-52k. Our high of 50.5k broke and we find ourselves sitting at 46.8k as I am writing this. We have got so many liquidations as I have been watching these moves. Both bull and bear. And if you didn't know. These sudden moves come for exactly that reason. Take the liquidity and...
Just a spot idea... with 5 LOs and 2 SLs. Hopefully these levels I see help out....
BTC weekly close was strong... this current range we are in will determine retesting ATH or revisiting 44k area.
Breaking this $41.9k level hit a lot of stops and brought us to $43k BTC! I've drawn 2 lines in the sand of how I think BTC could play out from here. But, I am long until $44k-ish
Some levels I am expecting for BTC range. Coming down to .50 fib and then bounce to our 1.262 fib for range.