Looking at market structure you can see current range is being broken. Next long term target is 50k
- Waiting for resistance to be broken - Waiting for support to be broken
$btc scalp after breakout @ $16238.00 strong level of resistance @ 16238.00
- ranging on h4 tf - waiting on breakout on range - overall momentum is bearish
here is my outlook on what i think - strong support being rejected, if weekly break below support level high chance of it breaking further down
Monthly started off very bearish breaking key levels of support break below the trendline further downs to 20k region
clean targets to the bottom waiting for confirmations below support
Waiting for support to break for sell confirmations rejecting trendline 3rd time indication of bullish momentum
Looking at candles to the left, clean ranges to go down further to $2500 region