Bitcoin Key Area and Decision Time

BTC/USD,  D Neutral

Haven’t shared charts publicly in a while but here we go!

I’ve identified the $25.2K level as being one of great importance based on the following:

  • Previous range how, not acting as support
  • Demand block zone prior to the previous range break-out
  • 50% fib retracement level

Now that we have broken through this level, I’m looking for one of two things to happen:

  1. We sweep the liquidity within the order block, reclaim the $25.2K level with strength and push higher (green arrow); or
  2. We get a week recovery and price rolls over and trades lower (red arrow)

 

 

X

This field is for validation purposes and should be left unchanged.
X