Decision time for BTC
BTC managed to reach the upper resistance of the HTF accumulation pattern I mentioned in my last update.
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the departure from this zone as early as possbile. This is summed up by the scenarios A and B on the graph.
I'm expecting a strong bounce with high volatility from this level, eitherway.
As always, happy trading!
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the departure from this zone as early as possbile. This is summed up by the scenarios A and B on the graph.
I'm expecting a strong bounce with high volatility from this level, eitherway.
As always, happy trading!
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