Bitcoin Short-term Setup - $73,000 by March 30
This short-term action reminds me of a trap in 2018 at the $6,000-7,300 range~, where we were in a giant rising wedge (similar to the one were in today).
Expectations are that Bitcoin will move up from $68,300-69,000 support to $73,000 by March 30 then rug pull everyone prior to the Monthly close. The sell off would take us to $64,000-63,000 initially then $61,000-59,000 eventually to close the CME gap and liquidate the longs.
Stoploss below the neckline/support of the rising wedge which is currently at 68.1K 🍻
Summary:
Buy: $69,000-68,100
Sell: $73,000+
Buy: $64,000-63,000 and $61,000-59,000.
Cheers!
Carl M.
Expectations are that Bitcoin will move up from $68,300-69,000 support to $73,000 by March 30 then rug pull everyone prior to the Monthly close. The sell off would take us to $64,000-63,000 initially then $61,000-59,000 eventually to close the CME gap and liquidate the longs.
Stoploss below the neckline/support of the rising wedge which is currently at 68.1K 🍻
Summary:
Buy: $69,000-68,100
Sell: $73,000+
Buy: $64,000-63,000 and $61,000-59,000.
Cheers!
Carl M.
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