BTC potential weekly top after breakout
Updated
After a new ATH it's likely to have a weekly consolidation before further price discovery.
BTC hit a potential 1.618 on the 5th wave and followed up with a fake out B wave. Potential is high for an extended C wave if we reject here again.
Incase we do move higher, ill wait for a close below this point for another short entry on the weekly close.
BTC hit a potential 1.618 on the 5th wave and followed up with a fake out B wave. Potential is high for an extended C wave if we reject here again.
Incase we do move higher, ill wait for a close below this point for another short entry on the weekly close.
Trade closed: stop reached
So unfortunately attempt 1 has failed (aka the lower high).The second would be the weekly close.
Trade active
Still managed to get in on the break of the 72900 support, target stands. Ill most like attempt a long in the sam range as the target.Reminder, this can go to 30% down easily looking at history.
Trade closed: target reached
Target hit gg wp
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