One Last Push to 61K then a Drop
Updated
This markup for Bitcoin has played out perfectly. Price just retested a major and minor resistance area. I'm expecting the final leg up to 61K over the next 2-3 days before the downtrend resumes. Let's wait and see what happens.
Note
*Correction: Price just retested a major and minor support area..If the orange zone falls through, this analysis will be invalidated.Trade closed: target reached
Price just pushed past 61K. I closed my position at 90% profit. I'm expecting a small push upward to TP2 then I will be looking for consolidation and confirmation of a reversal.Note
After looking at overall structure, and the fact that price broke and retested our minor structure trendline, I believe that price could continue to push higher. Stay tuned for a new TDA and proposed direction.
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