This is my opinion and you may choose to follow or not. If you have a running trade on Btc and it is on profit, please lock most of your profit, don't say I didn't tell you. Btc has reached a very very very strong level I.e 31227.27 if btc fails to close above it, this week, we will see a massive selloff of Btc from next week. From my research and backtesting so...
Btc is Currently sitting at the neckline of the "M Formation" on the weekly timeframe where there have been some rejections in the past. If Btc makes several attempts to break and close above the zones between price range "31040.7 and 30421.5", but fails to succeed, Weyhill start seeing a sell-off which may send Btc to a price as low as even 10,000.00 otherwise...
Btc is Currently sitting at the neckline of the "M Formation" on the weekly timeframe where there have been some rejections in the past. If Btc makes several attempts to break and close above the zones between price range "31040.7 and 30421.5", but fails to succeed, Weyhill start seeing a sell-off which may send Btc to a price as low as even 10,000.00 otherwise...
Btc is Currently sitting at the neckline of the "M Formation" on the weekly timeframe where there have been some rejections in the past. If Btc makes several attempts to break and close above the zones between price range "31040.7 and 30421.5", but fails to succeed, Weyhill start seeing a sell-off which may send Btc to a price as low as even 10,000.00 otherwise...
There is a breakout above my yellow zone on the chart on 15 mins timeframe, waiting for a retest and close above the yellow zone so as to be sure that btc is going up, I'd it does as expected by closing above my yellow zone, we will se Btc buying up to the previous high.
22606.8 is a very very strong zone and Btc price has broken it already on the daily timeframe. Look at all the rejections we had at 22606.8 all the times that btc price either rose or fell there. If that price keeps holding, since Btc price is currency above it, we will see more buys on Btc.
