#Bitcoin found support below $19k and begun ranging between $18.6k and $21.5k.
The last is the most crucial level because a valid breakout results in a 32% pump to $28.270.
Between those two S/R levels there are only two weak resistances; the first one at $27.5k and the second around $27.6k
If this scenario is going to play out, I’m expecting a really quick pump.
Warning: This is NOT a “go all in, bullish call”. It’s a waring to protect your (over)leveraged shorts from a bull trap.
Be safe, market never forgives!
The last is the most crucial level because a valid breakout results in a 32% pump to $28.270.
Between those two S/R levels there are only two weak resistances; the first one at $27.5k and the second around $27.6k
If this scenario is going to play out, I’m expecting a really quick pump.
Warning: This is NOT a “go all in, bullish call”. It’s a waring to protect your (over)leveraged shorts from a bull trap.
Be safe, market never forgives!