BTC update - where is the next resistance?
BTC update:
Following on from my last post about supply and demand, here's a big supply level I'm looking at on BTCUSD.
I'm curious to see what happens here. I expect of course a significant bounce, but we could fake to the $14,100 mark which is a compressed zone. These sorts of areas require a big push to get through.
For now, that's my next level of interest
Nice post! How far do you think it might go down after it touches 14k?
Maybe back down to the $9700 range. It's quite hard to tell how far something could bounce. Usually you just need to enter at the range and have a predefined target