As I already said, look for the reaction at the 30-31k level.
We can see a swing failure pattern on the 4h which gave us a nice long.
But is this it? Was this the big drop that we have been waiting for?
To confirm the trend reversal, we would have to get back above 33.5k in my opinion.
For now, this can easily be a bull trap before the bigger drop.
Watch the lower time frames to see how BTC reacts to different levels.
Resistance : 33.3-33.7k
Support 31.1k
Any questions?
Good luck traders
Remember not to break your rules
Habib
We can see a swing failure pattern on the 4h which gave us a nice long.
But is this it? Was this the big drop that we have been waiting for?
To confirm the trend reversal, we would have to get back above 33.5k in my opinion.
For now, this can easily be a bull trap before the bigger drop.
Watch the lower time frames to see how BTC reacts to different levels.
Resistance : 33.3-33.7k
Support 31.1k
Any questions?
Good luck traders
Remember not to break your rules
Habib