BTC pushed up exactly to our previous support level at 34.8k and rejected it, broke below 33.3k but bounced off the fib golden level.
If we break below the fib golden level we will start looking for shorts, and if we want BTC to have a chance to break above 34.8k and test the next resistance at 36k the VWAP would be a nice level to look for.
If we break back above VWAP, we wait for the reaction at 34.8k and look for longs if we break above it, but now the most important level in my opinion is the fib golden level that you see on my chart.
Any questions?
Good luck traders
Remember not to break your rules
Habib
If we break below the fib golden level we will start looking for shorts, and if we want BTC to have a chance to break above 34.8k and test the next resistance at 36k the VWAP would be a nice level to look for.
If we break back above VWAP, we wait for the reaction at 34.8k and look for longs if we break above it, but now the most important level in my opinion is the fib golden level that you see on my chart.
Any questions?
Good luck traders
Remember not to break your rules
Habib
