BTC has been moving up as we expected as everyone is now bearish.
The levels of resistance are the weekly at 51.8k which we are at now
A bit higher we have the daily at 53.8k in confluence with a 1h order block and then obviously we have 56k which was our big level of support before the big drop.
Below us as support we have a high volume node (HVN) at 50.7k then 49.1-50k as an area of support
Of course as I said in my last idea I do expect higher on the medium to higher time frame.
On the lower time frame we do have a lot of shorts opening so I also expect higher for now (and please as I always say don't long resistance, even if you believe we are going higher)
Any questions?
Good luck traders
Remember not to break your rules
Habib
The levels of resistance are the weekly at 51.8k which we are at now
A bit higher we have the daily at 53.8k in confluence with a 1h order block and then obviously we have 56k which was our big level of support before the big drop.
Below us as support we have a high volume node (HVN) at 50.7k then 49.1-50k as an area of support
Of course as I said in my last idea I do expect higher on the medium to higher time frame.
On the lower time frame we do have a lot of shorts opening so I also expect higher for now (and please as I always say don't long resistance, even if you believe we are going higher)
Any questions?
Good luck traders
Remember not to break your rules
Habib
