BTC update 19/ Aug /2021

١٩ أغسطس ٢٠٢١

3 scenarios looking at BTC.
1: We bounce at these levels and form a double bottom and push up to 48300
2: We lose the 43900 level support and move to the Area of interest which has been can be a good S/R level. This is from 42700 to 42300.
The thing concern here is it is also a low value node which suggest that price could move eitherway very fast from that zone.
3: I think the most ideal scenario would be to tag the POC at 40k and grab the liquidity just wick to 39k and then continue up.

We made the mistake of trading this type of markets before but we were not really successful sometimes the most important thing to do is nothing.