Litentry LIT Next Move | Buy/Sell Ladders Technical Analysis
Litentry LIT Next Move | Buy/Sell Ladders Technical Analysis
Bitcoin BTC King of Crypto Next Move | Buy/Sell Ladders Technical Analysis
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π BTC USDT
β² 1 Day Chart
π BTC has lost the $30k support area and is now sitting at around $29k
π We don't seem to have a lot of buying power here so I expect lower still. However if we do reverse we want $30.4k to be reclaimed before looking for higher.
π Areas that we want to look for longs are $28.7k, $28k, $26k, and we have a fib golden pocket from $24.5 to $27.1k
π What we want to see on the lower time frame is a bullish candle formation such as a big buying wick or an engulfing pattern for example to confirm a trend reversal, but we need good continuation.
π Yesterday we had the strong buying wick after hitting the $30.4k daily level but we didn't get continuation which was a sign of weakness.
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