I talked about this exact scenario last night, you can see the posts below.
We're looking okay for continued upside (for now). We aren't out of the woods just yet, and there are a lot of key levels we have to break through so do expect the possibility for btc to break structure somewhere along the way.
Mentioned last night that these moves will be far more volatile than regular moves, since this is still indeed a part of the Wave 4 correction. If you get into a nice setup along the way, just a set a stop loss & let it ride ~
Wave 4's take awhile to play out, especially Wave B's.
I am projecting a move to that 38~39k range.
Currently in no position, just waiting for a little more conviction on this initial move up before I jump into a safe trade setup.
If structure breaks, lower green areas are the next targets I will be willing to take a long in.
Wave B target = $39k
Wave C target = 23k.
Good luck!
We're looking okay for continued upside (for now). We aren't out of the woods just yet, and there are a lot of key levels we have to break through so do expect the possibility for btc to break structure somewhere along the way.
Mentioned last night that these moves will be far more volatile than regular moves, since this is still indeed a part of the Wave 4 correction. If you get into a nice setup along the way, just a set a stop loss & let it ride ~
Wave 4's take awhile to play out, especially Wave B's.
I am projecting a move to that 38~39k range.
Currently in no position, just waiting for a little more conviction on this initial move up before I jump into a safe trade setup.
If structure breaks, lower green areas are the next targets I will be willing to take a long in.
Wave B target = $39k
Wave C target = 23k.
Good luck!
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