BTC rejected nicely the fib golden pocket that I gave you this morning, got back into the channel which acted as resistance on the LTF which offered a nice short with a TP1 at the low of the channel.
Now it seems like the channel is resistance, and BTC doesn't have much support below it at the moment.
I'm personally aiming for the fib golden pocket at 46.1 - 46.5k, and will update you when/if we get there.
For now, if BTC reclaims the mid of the channel it would be a sign of strength, but it is looking pretty weak right now.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Now it seems like the channel is resistance, and BTC doesn't have much support below it at the moment.
I'm personally aiming for the fib golden pocket at 46.1 - 46.5k, and will update you when/if we get there.
For now, if BTC reclaims the mid of the channel it would be a sign of strength, but it is looking pretty weak right now.
Any questions?
Good luck traders
Remember not to break your rules
Habib