BItcoin Running Flat correction pattern at ATH consolidation
Updated
BItcoin Running Flat correction pattern at ATH consolidation
Also bounced from 50 DMA. Targeting 75K and looking for consolidation/continuation afterwards. If this happens I see it as the definitive breakout from this 2021 range for continuation higher.
Also bounced from 50 DMA. Targeting 75K and looking for consolidation/continuation afterwards. If this happens I see it as the definitive breakout from this 2021 range for continuation higher.
Comment
The extension fib was at the wrong place. Rearranged the expansion fib to wave B ending, now it has direct confluence with the bigger 1.272 extension.The yeasterdays low was swept today with not even one 5min candle close below it, this would have been the ideal entry. Still potential to morph this to a expanding flat instead of a running flat. That would mean a quick giga nuke below A so well below 58k. Running flat looking good so far.
Trade closed: stop reached
stopped out, but good looking candle at A level, may open another soon
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