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Bitcoin rn
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Forgot to mention Now we have tagged ATH, we can measure the leg down that preceded the move up from 74k for expansion targets. I still don't know if we are going to print a true range breakout here, or manipulate above the range and reverse. I'm 50/50 so happy to wait for more price action to develop. In the case that it is a true range breakout, I want to look to join the trend and target the purple fib at 131k, expecting minor resistance (relatively speaking) at 119.1k. Positioning will likely occur > the range but there is a case where we can still flush and tag an imbalance within said range for fuel to go higher but that scenario is slightly nuanced. Will post about said nuances if need be - but for now waiting on more PA. In the case that it is a false breakout, range expansion targets don't matter (for the time being) and I'll look to position short and expect more ranging conditions in the 70-110k range. $BTC
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One of my leading indicators ( $COIN ) is at supply with a daily bear div. Hmm
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Are we going to lock in our 7th green week? 🍿 Quite the rally off of our 74k lows. $BTC
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$BTC Give me this and I'll long to ATH - as long as ATH has not been tagged first. Wicks to 95.5k are fine but needs to close back inside the FVG or ideally the range.
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