TrendLINEBoys

New Day candle Update 6/17/2022

BITFINEX:BTCUSD   Bitcoin
Most likely no huge movement until the next week candle, which is tomorrow. I think whether it ends above 21,630 or under will have a big impact on the direction it takes. Even if it ends under 21,630, I think it is still possible for the price to test back at ~21,900 to see if there is a rejection of that level on the week time frame.

I think it is possible to reject at 20,900 and continue down on this day candle. So that may be something to watch for. I still think action on the next week candle is more likely.

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