Forwarded from Official VIP Group
#BTC_Update
i have marked my key levels on the chart, there is a fib extension with historical value at 58300 that might create some kind of blow off top or distribution, I believe 60k area is a very likely area for BTC top consolidate and correct as a major psychological level above 50k. Not going for any shorts, only looking for a break of structure to short.
Around 55900 CME gap will close, this is also a Daily support level so I would be eager to catch longs in this area. 55230 is what we don't need to break otherwise a bigger correction is coming.
Plan would be to buy dips towards 55900
i have marked my key levels on the chart, there is a fib extension with historical value at 58300 that might create some kind of blow off top or distribution, I believe 60k area is a very likely area for BTC top consolidate and correct as a major psychological level above 50k. Not going for any shorts, only looking for a break of structure to short.
Around 55900 CME gap will close, this is also a Daily support level so I would be eager to catch longs in this area. 55230 is what we don't need to break otherwise a bigger correction is coming.
Plan would be to buy dips towards 55900
Forwarded from Official VIP Group
#BTC_Update
Nothing actionable for me at all. Rejection from previous breakout point (red) and attempting to put in a HL here. Not a good enough long signal for me to take a trade though. Expecting a choppy weekend
Nothing actionable for me at all. Rejection from previous breakout point (red) and attempting to put in a HL here. Not a good enough long signal for me to take a trade though. Expecting a choppy weekend
