BTC dropped and bounced perfectly off the VAH at 38,345 We also had a trendline that crossed this level at this time, giving us nice confluence for a long.
We could still drop to the fib golden pocket just below the VAH, but for now looks like we are heading higher. We would like to see a reclaim of the VWAP for a confirmation of more upside with the daily at 40.5k being the next target as it hasn't been broken yet.
If we lose the VAH and fib golden pocket we would be looking for lower to around 35-34k
Any questions?
Good luck traders Remember not to break your rules