BTCUSDT may head for next 4h resistance around 24450-24550

22 Feb 2023

So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be very small.

23 Feb 2023

Nota

So the price has moved to the target 24450-24550 level mentioned in the original post. As can be seen price got pushed back down from 4h resistance 2 zone as depicted in the chart. This concludes this idea. Where we may go from here, I will publish in a new post.

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