As we said in our last idea, we believed we could see one more drop to complete the wave 5 of a move down (idea linked below).
We have reached our 39k liquidity area and BTC is now at big support (HTF fib golden pocket)
First level to reclaim is 40.5k to show sign of strength
If we break the fib golden pocket we can expect much lower prices (will update you when needed of course)
However for now, we wanted to see a drop, and we are at support.
So no shorts to be had here, only longs in my opinion.
Shorts were to be had higher, don't short support.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We have reached our 39k liquidity area and BTC is now at big support (HTF fib golden pocket)
First level to reclaim is 40.5k to show sign of strength
If we break the fib golden pocket we can expect much lower prices (will update you when needed of course)
However for now, we wanted to see a drop, and we are at support.
So no shorts to be had here, only longs in my opinion.
Shorts were to be had higher, don't short support.
Any questions?
Good luck traders
Remember not to break your rules
Habib
