#Bitcoin hit Q3 VWAP on breakout impulse I wrote about yesterday ✅
No sense in trying to guess next move as it is Monday - first work day of the new month and so anything can happen.
If we project previous months price action to current situation we may expect $BTC to spend little time around 28k and then dump back to 27200-27500. Second option is it continue pumping fast to 28.8k (most probably withing today).
In any case, classical continuation patterns like bull flags in any shape don't really work for BTC and often lead to the opposite direction move. So if it starts forming one I wouldn't be very bullish (for short term 1st move).
Main levels to watch PA:
🔸 28830 - July low
✔️ 28210 - Q3 VWAP
🔸 27480 - September high
🔸 26950 - October open
🔸 26514 - last September week open
#BTC 4H EMAs:
🔼 55 at 26869
🔼 233 at 26773
🔼 987 at 27126
No sense in trying to guess next move as it is Monday - first work day of the new month and so anything can happen.
If we project previous months price action to current situation we may expect $BTC to spend little time around 28k and then dump back to 27200-27500. Second option is it continue pumping fast to 28.8k (most probably withing today).
In any case, classical continuation patterns like bull flags in any shape don't really work for BTC and often lead to the opposite direction move. So if it starts forming one I wouldn't be very bullish (for short term 1st move).
Main levels to watch PA:
🔸 28830 - July low
✔️ 28210 - Q3 VWAP
🔸 27480 - September high
🔸 26950 - October open
🔸 26514 - last September week open
#BTC 4H EMAs:
🔼 55 at 26869
🔼 233 at 26773
🔼 987 at 27126
