So I want to be completely unbiased on this assessment. I'm still bearish, but have taken into account a couple of paths that are possible.
There was a crystal clear 'double bottom', engineered at 17800 which was raided for stops. This is the only reason i expect support at the raided low of 16900. However, there are stops resting above at 19750 ish which happen to coincide with a bearish breaker and some China Midnight levels. My guess would be that that will be the OTE short entry level. However if the double bottom raid was fruitful enough, it could push to new highs. Better the bitcoin warrior trade this one bareback with no stop losses than me ;P
A close below the monthly open would make a wick and would obviously be very bearish, so June close is key.
There was a crystal clear 'double bottom', engineered at 17800 which was raided for stops. This is the only reason i expect support at the raided low of 16900. However, there are stops resting above at 19750 ish which happen to coincide with a bearish breaker and some China Midnight levels. My guess would be that that will be the OTE short entry level. However if the double bottom raid was fruitful enough, it could push to new highs. Better the bitcoin warrior trade this one bareback with no stop losses than me ;P
A close below the monthly open would make a wick and would obviously be very bearish, so June close is key.