BTCUSD Slowdown Level
Updated
According to the fib level we are a strong area of resistance .
I don't make the rules .
Considering taking some profits.
I don't make the rules .
Considering taking some profits.
Note
At the moment I am not so convinced it will tap my arrow target because sell-offs keep getting bought. Be aware shorting this here , as my post is just a take profit area . The ETF news can further artificially pump this further . TBH what ever price is over 40k is just pure hype and manipulation. The focus is on high cap alts right now while BTC seems to be ranging But be aware once the ETF news are really out , it will be a sell the news event in the short term until post halving when are heading to ATH's .
Trade active
Two days ago big crypto news accounts were PUSHING one last " ETF news " , of course an organized manipulative event designed for their exit liquidity on FOMO buyers in the mini cycle top. Right now , I expect short term ranging in a bear flag formation and PA to go for the recent high to be swept in order to trap the " it's just a dip bro " new longs , and the price to plunge according to our initial plan , as follows :
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