BTC Update 19/Aug/2021
3 scenarios looking at BTC.
1: We bounce at these levels and form a double bottom and push up to 48300
2: We lose the 43900 level support and move to the Area of interest which has been can be a good S/R level. This is from 42700 to 42300.
The thing concern here is it is also a low value node which suggest that price could move eitherway very fast from that zone.
3: I think the most ideal scenario would be to tag the POC at 40k and grab the liquidity just wick to 39k and then continue up.
Aviso legal
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