BTC has now ran both lows we discussed and currently sat inside the daily ob , with this we have to use any retrace offered as a way to get out of your position and ready for the next move down . 48k for me is out of reach but will leave it on the chart as a option , 4hr as shown below we have a breaker sat 37k and this will be where we look to get out , If btc reach's this level well have to look across all assets and come to a decision.
If we can hold this ob and form bullish structure then well be offered a retrace up to first target 37k and potential area to sell.
This level fails and we sink to the lows then we could be in for a shit storm and alts could bleed heavy so the extreme levels on alts need to be thought about , you know how we work now if offered a bullish reversal then we can act
If we can hold this ob and form bullish structure then well be offered a retrace up to first target 37k and potential area to sell.
This level fails and we sink to the lows then we could be in for a shit storm and alts could bleed heavy so the extreme levels on alts need to be thought about , you know how we work now if offered a bullish reversal then we can act