Hey Team,
As you can see we found support in this zone as drawn on the chart. I didn't want to see BTC drop that far but here we are, so I took this opportunity to have a break over the long weekend and see how BTC would play out.
We are starting to show signs of a rejection here and are at the bottom of the rising channel so we could continue to move up strong from here.
We had a clear fake reversal + liquidity sweep before moving back into the channel leaving us a daily wick outside the channel support.
I think the first target will be the Imbalance left from the drop and then a push through or rejection.
More updates to come...
As you can see we found support in this zone as drawn on the chart. I didn't want to see BTC drop that far but here we are, so I took this opportunity to have a break over the long weekend and see how BTC would play out.
We are starting to show signs of a rejection here and are at the bottom of the rising channel so we could continue to move up strong from here.
We had a clear fake reversal + liquidity sweep before moving back into the channel leaving us a daily wick outside the channel support.
I think the first target will be the Imbalance left from the drop and then a push through or rejection.
More updates to come...