As I said in my last post, if we break below the 36.8-37.2k support area, the next major level is at 34.8k
We bounced exactly off this level, but we haven't seen enough volume in my opinion, indicating this level will be broken.
Resistance is now at 36.8-36.9k, and look for shorts if we reject it.
If we break above it, we will also have to break above the 200 MA, before looking for a move back to 39.4k
If you missed the bounce at 34.8k, I wouldn't suggest you look for longs right here, markets aren't looking too healthy right now, and bitcoin has strong resistance levels coming up.
If we break below 34.8k, next major support area is 30-31k
Any questions?
Good luck traders
Remember not to break your rules
Habib
We bounced exactly off this level, but we haven't seen enough volume in my opinion, indicating this level will be broken.
Resistance is now at 36.8-36.9k, and look for shorts if we reject it.
If we break above it, we will also have to break above the 200 MA, before looking for a move back to 39.4k
If you missed the bounce at 34.8k, I wouldn't suggest you look for longs right here, markets aren't looking too healthy right now, and bitcoin has strong resistance levels coming up.
If we break below 34.8k, next major support area is 30-31k
Any questions?
Good luck traders
Remember not to break your rules
Habib
