Is this the next flag? Trading above the ATH will perhaps bring dynamic into the BreakOut
Note
i wait for the procyclical ATH-BreakOutNote
both anticyclical ideas have a wonderful Chance-risk-Ratio -as always when you Play against the trend....i don`t prefer countertradesNote
as long as btc will stay above ~ 2380, it would be the best to stay a hodler if you are still on bord;-) The up-momentum is as long alive as we trade not below the fibos...trading above the max fibo 61,8 is still bullish and a chance for a turnaround exists. Below the max fibo, you can`t even more speak of a consolidation in the upmove, no, than you know that the double top has won the technical game.Note
tp is 2382, the 0,5 fibo , perhaps that will be a trading opportunity in the hourly chartDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.