BTC breakdown and what is next
Well we lost the retaken support. so highly likely we retest tomorrows daily pivot around 30.2ish. What happens after that will be the deciding factor. If we retake that level it is possible we rise more. However if we bounce down off it and start trading below the developing L3 I would say we test the next weekly and monthly L3 regions around 28 and 27k regions
To sum it up. BTC will look good back above 30.2/30.5 for possible trading towards higher targets
good areas for possible bounce are 27 to 28.
good area for short term hedge if you fear downside are 30.2 with very tight stop.
analysis down with camarilla pivot points
To sum it up. BTC will look good back above 30.2/30.5 for possible trading towards higher targets
good areas for possible bounce are 27 to 28.
good area for short term hedge if you fear downside are 30.2 with very tight stop.
analysis down with camarilla pivot points
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