TF: 15 Min
Very interesting area for BTC. A few confluences are lining up in this general area: The POC for the last major down wave and the consolidation area, the 0.786 retracement level for the last down move within the consolidation area and the downward moving trend line.
I am keeping an eye on this area to see how price action plays out and if price will break lower to continue the momentum to the downside or break out higher from this area.
Very interesting area for BTC. A few confluences are lining up in this general area: The POC for the last major down wave and the consolidation area, the 0.786 retracement level for the last down move within the consolidation area and the downward moving trend line.
I am keeping an eye on this area to see how price action plays out and if price will break lower to continue the momentum to the downside or break out higher from this area.