Hello everyone!

Most of the levels from yesterday's update are still intact. Price went right through the top of the value area and got a reaction at the .618 Fibonacci retracement level. The reaction was not as big as I was hoping, and BTC has been bouncing between these 2 levels. It seems as if it has made a falling wedge pattern, which is usually bullish. So, let's see if that plays out. If it does, I expect a pump to the liquidity area above at 21k. If it doesn't make it through the 20,166 area and doesn't violate the last high of 20,379 then that could potentially be a double top formation. Either scenario probabilities suggest a drop from either level that gets a strong reaction.
If it is a rejection from the 20,379 level, I would expect a drop in price to the first green box at around 18,650 and continue in the current trading range.
Alternatively, if the rejection happens at the 21k level, I expect a strong, fast drop to the 17k level.
See the chart below for more details...

I understand that if you are a beginner, these charts might not make much sense. To the intermediate or advanced traders, they do. Remember to stay tuned to this community as training and educational videos are soon to come, so you can understand what I am talking about. The reason I have already begun posting updates here is so that you can see the power and accuracy of technical analysis.
If you have any questions, feel free to ask them here in the group!
Have a great day!
KryptoKino, over and out.