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$BTC This is the main level to watch out for imo. If we SFP this level and put in a P2 on Tuesday, then time stats will be in favour of the Monday low holding but distance stats would be 50/50. So you'd want to see this level taken out with some distance preferably, otherwise in terms of distance stats there is a real scenario where you would put in the weekly high there and take out the weekly low Of course we have now seen that Mondays have been very very popular for P1's in the earlier analysis, but I am merely following the probabilities which is good practice. So we need to judge the reaction at this level. If BTC would make it to 59207 (moving 6% from wOpen), then that would put distance stats at around 30.6%, which means that in 30% of the weeks would price go down from there to take out the weekly low.

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